shorting $SPY 118 weekly calls at 2.22 same contract amount as the long on 120 weekly calls

/s shorting $SPY 118 weekly calls at 2.22 same contract amount as the long on 120 weekly calls , to bring us into a in the money debit spread instead of just stoping out of the long calls position. This was to create protection instead of being stopped out but I see big volatility coming so chose to add more of the SPY 120 calls to rubble the stake at 1.25. Waiting for some direction after the 2:15 fed and then would release the position other bearish by exiting half of the long position hence credit spread balanced, or cover the short and be fully bullish.

Posted in General Trading