[Closing Short Leg of Calendar Spread on SPY]
Dear Member:
The short leg of my Apr 139/Dec 140 diagonalized calendar spread on SPY is now profitable and I am placing and order to attempt to capture some of that profit. I am placing an order to buy to close the Apr 139 calls (SFBDI) at a limit of $0.94. That will represent a 19 cent gain on this leg in less than 2 weeks.
DISCLOSURE: At the time of publication, I have the referenced spread on SPY and an APR 141/140/125/124 condor on SPY.
Sincerely,
Bill Kraft
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