### Comment:
SPY is still under strike of $275 but it says iv made $10? Shouldn’t i be down in money if i’m below $275?  
  
 Does that mean if i sell it now i make $10?

### REPLY:
Yeah, just sell it by Friday close. 
  
 As to how much you’re willing to risk, that’s up to you. At this point, you just treat it like a stock with an expiration date.

### END.