I have a SEP Bear Call Spread on JPM at 44/45. As of this moment, the 44 is ITM (JPM 44.65).
Just asking, but is there any reason why I cannot buy back the 44 and sell a 45? I would then have a 45/45. If I just closed this I would take a loss of .61, but if I did the above, my loss would be .48 no matter what the price does today or tomorrow.
Am I crazy?
- Jeff
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