Here are a few thoughts on some possible position adjustments.
1) Are you in a QQQQ ITM Strangle trade? You should, if you haven't already, put out orders to buy back your short $37 call for $.10. As a matter of fact, it's a good idea to put those orders out there immediately after we roll out the previous month's position. We never know what's going to happen during a trading day. You can use a "good till cancel" order - for at least a few weeks. Just don't forget it's out there.
2) It's a "Sure Thing." The market is headed down a bit -- at least on today's open. This will be another opportunity for you to lock in a large portion of your profits in our "Sure Thing" credit spread position. We sold the SPX 1215 calls and bought the 1240 calls -- taking in about $7.00. You should be able to close the position for well under $3 -- and there are still over three weeks left.
We have a 43+ point cushion on the "Sure Thing" position. That's pretty safe, but there are over three weeks left. If you'd like to free up the $5,000 maintenance that's being held on the position for other purposes, it's a good idea. Even if you don't need the maintenance, locking in the majority of your profits is always a good idea. However, if you're more comfortable just hanging onto the position and allowing the bear call spread to expire worthless, then you should be OK. But, as we all know, strange stuff happens in the market.
Have a great day and trade smart!