February SPY close-out

I closed out my SPY Feb 111 buy-write position a little early today.  It would have probably closed in the money, but I didn’t like the way the market was behaving for a position that was only a few tenths in the money.   Sold SPY at 111.23 and bought back the calls at .36 for a net credit of 110.87.  Overall profit was 2.44 per share–a nice return.


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