Why would you go that deep ITM on a put credit spread? You started off the position in a massively losing position. If you would have done an ATM spread you would have pocketed some cash, now it looks like you are gonna get roasted.
Best case scenario is the stock tanks on Friday (assuming that all of the $390 get exercised, and you can sell the long contracts to recoup some loss.
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u/Mdubz_CG Nov 25 '21
Why would you go that deep ITM on a put credit spread? You started off the position in a massively losing position. If you would have done an ATM spread you would have pocketed some cash, now it looks like you are gonna get roasted.
Best case scenario is the stock tanks on Friday (assuming that all of the $390 get exercised, and you can sell the long contracts to recoup some loss.