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June 23rd, 2022 at 1:48 pm
The MT $20s are $7 so a worthwhile roll as well but we can't spend (in this case) $17,500 improving every position so best to wait and decide who needs it the most. Of course if we roll to the $20s and sell the $30s for $3, then it's net $1 to roll the spread $10 lower – as long as we have a discipline not to pay more than $5 for a $10 spread – then that's going to totally make sense when it comes up, right?