Just like a drunken night spent boozing away with friends, the morning after experience is always one of much regret. I too am suffering from the after effects of being too rash in my trades.
Against my better judgement last night, I saw the SPY falling, this reminds me of John Mayer's "Free Falling", but that's besides the point. The SPY had a free fall last night as well. From when I entered the market when it dropped 0.70 cents till the sobering 1.86 dollar drop at closing.
The lowest it dropped to was $135.62. And I bet this must have stressed premiums so much that you could even sell the 132/133 spread for 0.04 cents.
The premium for the 133/134 spread is still available and is at 0.08! How nice if I got this premium instead! That would have made all the difference. Alas, I didn't, and it all hinges upon the performance of the SPY tonight.
Let's hope that all goes well and we can have a smooth expiry come Friday.
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