I had 2 CSP puts ( strike $80 and $85 ) expiring on 27/01. I closed the $80 one securing the profits to buy this $82.50 put as insurance for my $85 CSP, Converting this into a Bull put spread with no losses. On expiry date, if price is <$82.50, my profit is 50c per contract. and if it is >$85, my profit is $3 per contract.
| Side | Price | Realized P&L |
|---|---|---|
| Buy Open | 0.82 | -10.97% Holding |
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