It's possible to close our position for about a 10% profit today. So, I think we'll take advantage of the volatility rush caused by today's down move and head for the sidelines:
Calendar Spread:
Close - 6 Jan/Dec 111 SPY Call Calendars for about $1.22 each
Close - 6 Jan/Dec 111 SPY Call Calendars for about $1.22 each
Hedge the Calendars:
Close - 1 Dec 105 Put at about $0.40
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