Rocket Equities and Options Report - Close SPY Options Trade 08-23-24
The market has been extremely volatile, and with just over 2 hours left to go in trading we are closing our SPY options trade. The SPY is approaching the $560.50 price point as of 1:50pm ET, and our SPY spread is trading at about a $0.32 credit, which would result in about breakeven.
Sell to close our $561-$562 SPY credit spread, which we got into at about $0.32. This options trade expires at the end of the day, so make sure you close it if you don't want to risk assignment.
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