The SPY May 207.50 puts expired worthless, so we kept the initial premium that we received.
Let’ s sell another put against our long 6/10/16 SPY 209 put position that we still hold.
TRADE IDEA
Sell to open SPY June 208 puts @ 0.35 to open
These expire 6/3/2016
Make sure to sell the same number of contracts as the June 209 puts (expire 6/10/16) you presently hold long.