We hold a dozen June 130-March 130 put calendar spreads for 1.50. Let’s roll into the June-April put calendar spread by shorting a dozen April 130 puts for 0.40 or better, good-till-canceled. This may take a while, and my intention is to do it after the March 130 puts we are short have expired worthless. We’ll need a downdraft in the underlying stock, but stranger things have happened. _______ UPDATE (March 21): We remain naked long June 130 puts for 1.50, waiting for that rare down-day to short some ‘Apes’.
