Update: Taking profit on SPY bull put spread

For the bull put spread initiated on August 24 you could close down the trade by buying back the September 185/183 spread for $0.16. From a risk/reward prospective to capture additional $0.16 while risking $0.50 would be a risky proposition. We realised $0.34/contract on the trade. http://ift.tt/1JTkhf2

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