The price now is $140.75, SPY up +1.30 USD.
WOW.
And this is supposed to be a half day of trading. Imagine if it was a full day trading, we will be in for some trouble. As it is, it is already a iffy situation of it crossing over the $141 strike price, and if that happens, it is going to be a tough situation.
For one thing, the contingent order that I placed on the trade will execute, and only the $142 leg remaining. Hopefully the price will cross over that leg as well, and so the premiums are more depressed.
But for me now all that is just theory.
The reality is happening now and it is scary. ;) Of course, I am keeping my cool and just waiting for premiums to disappear. 2 more hours to go, and soon that will become a reality and my trade will be safe.
Can't wait. ;)
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