Alert: Open SPX Dragonfly

Ticker: SPX
Price: $4121.39
Date: 5/12/23 11:00 AM

Underlying: S&P 500 Index Fund

Est. Net Debit/Credit: $800 – $1075 credit

Master Portfolio Contracts: 5 (and 10)

NOTE:  Open SPX dragonfly.  

 

Trade Detail:

BTO +5x SPX 26 MAY 4050 put
STO -10x SPX 26 MAY 4020 put
BTO +5x SPX 26 MAY 3950 put

Price: 1.60 – 2.15 credit  (Prices are wide!  Start with higher credit and work your way lower) 

Margin Required: $20,020