I sold SPY puts and now want to get out of them as fast as possible. Advice appreciated.
u/PowerfulPop6292 ·
Reddit — r/options
· March 06, 2026 at 01:03
· ⬆ 33 pts
· 💬 45 comments
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Specifically: I sold SPY puts with option dates and strike prices of 3/16/26 $555 (total of 2), 7/31/26 $495 (another 2), and 12/17/27 $435 (total of 3). I want to get out of these puts but without decreasing my current cash level of $11,900. I have available marginable purchasing power of $42,000. These are all relatively low prices, but I need to free up this account quickly, ideally by the end of this year if possible. How would you go about doing this? I don't want super risky but maybe a moderate path and a more conservative path, with the most conservative probalby just sitting on it and waiting until they hopefully expire at 0 values.