We are closing our 1×2 by rolling up the short strikes for a profit as follows:
Sell to close: DIS Nov 17th (monthly) 87.00 strike call (ratio of 1)
Buy to close: DIS Nov 17th (monthly) 92.00 strike call (ratio of 2)
Sell to open: DIS Nov 17th (monthly) 95.00 strike call (ratio of 2)
Credit:Â 2.50
We paid 0.50 debit so this locks-in a profit of $2.00 or $200 per spread
