Ticker: SPX
Price: $4043.41
Date: 1/31/23 11:10 am
Underlying: S&P 500 Index

Est. Net Debit: $2380

Master Portfolio Contracts: 7

Notes: Close the SPX dragonfly.  We normally manage/repair the Dragonfly when it is challenged to the downside, but with the Fed meeting tomorrow we recommend closing it for a loss and we’ll load another one on Friday.

Trade Detail:

STC +7x   10 FEB 4050 put
BTC -14x  10 FEB 4010 put
STC +7x   10 FEB 3940 put

Price: 3.15 – 3.70 debit  Be patient and work the order.