I would close out the spread as a spread, not as two single trades and generally I have the attitude of whatever I opened together, I close together. You might have less slippage that way.
gis
P.S. Don't know what the expiration date of that spread is, but you could as well roll the short call up to maybe 750 and get a bit more time premium. Obviously, more money coming in means as well more risk!!!
On Mon, Apr 26, 2010 at 11:39 PM, paul7313 <paul7313@yahoo.com > wrote:
I bought a spread Buy 700 call mid index Sell 710 call mid index
the index is now over 800. will it be better to close the call spread as a package
or buy the 710 and sell 800+?
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