Alert: OPTIONAL: Open SPX Dragonfly

Ticker: SPX
Price: $3,908.03
Date: 3/17/23 12:05 AM

Underlying: S&P 500 Index Fund

Est. Net Debit/Credit: $500

Master Portfolio Contracts: 5

NOTE: We understand it’s been a challenging week for our trades in this market.  We are seeing an opportunity to trade the Dragonfly with reduced contracts.  We will trade and track this in the master portfolio.  If you are uncomfortable placing an additional trade, skip it.  

This is optional.  

Trade Detail:

BTO +5x  SPX 31 MAR 3800 put
STO -10x SPX 31 MAR 3760 put
BTO +5   SPX 31 MAR 3700 put

Price: 0.90 – 1.25 credit Prices are wide!  We test filled at 1.20, but we are seeing a range from 0.90 to 1.25.  Start higher than the mid and work your way down.  Mostly likely to settle around 1.15.

Margin Requirement: $12,980