Rolling: We are rolling up and out on the position. For tracking purposes we will consider this trade closed and will track the new one. We closing the spread for $5.55 net which is a $3.35 loss.
New: We are opening the new SPY position as a diagonal spread. We have every intention to close the $300.00 strike put leg when we feel the next decline has started. We are buying to open the October 16’20 $320.00 put for $16.50 debit and selling to open the August 21’20 $300.00 put for $4.50 credit. This is a net debit of $12.00.