Sorry to ask it here. Been sick all week and cant think straight. Ive been selling options/spreads since 2017. Whenever i go to 'roll' options i always manually close the original and open a new one. Easier on my brain and easier to journal.
Today though, being sick, i got sick even just looking at green/red ticks all day so i 'rolled' a spread and went to sleep.
Looking for the math on this because the max profit and max loss looks wierd. And i dont know the new credit recieved to journal.
I 'rolled' a 715/718 spy CCS into next friday 5/1. Same strike and width.
The original spread i collected 0.93 in premium and opened 6 contracts. Today when i rolled the spread, i noticed the credit recieved was .90. My max profit was around $1183 and max loss was around $481.
I trade on Etrade. How is the math broken down on rolling. Because ive been trying to manually journal this and i cant math out the actual credit for the new spread and the buy back for the old.
I want to say i bought back the original spread for around .20ish and the new spread was maybe around 1.10 ish. The debit from the original gets taken away from the new one right? And the realized profit from the original gets included into the new spread? Any help is appreciated. I may go lay back down for a bit. So my any response from me may be delayed.
P.s. im bullish SPY on the bigger picture but bearish short term