UPDATE: Closing SPY calendar spread
We are going to close this calendar spread, with two weeks left to go. To close out you need to buy back the short leg, or you could let 12 OCT 216 call expire OTM, and sell back 26 OCT 216 call for $1. This results in a profit of $0.83 cents on reduced cost basis in the calendar of only $0.17.
— Edited by Susan McDonald
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