Well, it seemed like a good idea at the time. The market has continued lower much faster than we imagined. It is now threatening our SPX 1190/1180 bull put spread.
It's time to go. With the SPX at about 1205.
Buy 25 SPX 1190 puts - SPTSR
Sell 25 SPX 1180 puts - SPTSP
Debit of about $2.70 ($6,750)
You may have to spend more or less, depending on where the market is, and the volatility, when this arrives in your email. We'll worry about rolling the position later on.
Double check your symbols and be careful.