... for a 1.66 debit.
Comments: Opened this for 3.65 as part of a four-leg ladder. (See Post Below). Closing just the October rung of that here at >50% max. 1.99/$199 profit.
This also has the added effect of reducing my long delta a bit, so in that sense it's a subtractive delta adjustment trade at the same time. If you're big on keeping your portfolio net delta "happy," you want to first look at doing adjustments subtractively (i.e., taking off offending delta), only doing additive adjustments (i.e., putting on a new setup to delta balance) if subtractive adjustments haven't quite done the trick.
Comments: Opened this for 3.65 as part of a four-leg ladder. (See Post Below). Closing just the October rung of that here at >50% max. 1.99/$199 profit.
This also has the added effect of reducing my long delta a bit, so in that sense it's a subtractive delta adjustment trade at the same time. If you're big on keeping your portfolio net delta "happy," you want to first look at doing adjustments subtractively (i.e., taking off offending delta), only doing additive adjustments (i.e., putting on a new setup to delta balance) if subtractive adjustments haven't quite done the trick.
