SPX ITM Spreads

We started this week off by answering a question about options that are “Near-Near” vs. “Far-Far” options. If the Delta of the strikes is the same, but the DTE’s are vastly different, we can see where our max risk really lies. This was a quick (aka incomplete) look at this. Please spend more time evaluating the placement of risk and reward in your spreads in different expirations, and over time.