I have a currently open put credit spread on SPY, -5 @ $2.52 545 strike and 5 contracts @ $1.84 540 strike. Currently they are worth $0.93 – $0.65, so $0.28. 0.70 (credit received) – 0.28 leaves me with 0.42 x 100 x 5 = $210 profit. If I want to set a take profit when the difference of the spreads, (currently 0.28) goes to say 0.20.
Alternatively, I can set a stop loss at say $1.00.
Any Canadian brokers that let me do this?
Canadian broker help for stop losses on credit spreads.
byu/Randomizer23 inoptions
Posted by Randomizer23