Tuesday 1/22/2019 (Expiration Day)
WATCH THE VIDEO HERE!
Trade 1 (10:25:33 am, PT)
buy +2 Jan 22, 2019 2665 calls at $0.05 (cheap wings)
sell -2 Jan 22, 2019 2635 calls at $2.00 (29 delta)
margin: (2665 － 2635) x 2 x 100 = $6000
credit (max potential profit): ($2.00 － $0.05) x 2 x 100 = $390
Trade 2 (11:54:09 am, PT)
buy back both short calls (2635) at $0.30
let the long calls (2665) expire worthless
PROFIT: $330 (in 90 minutes)
WATCH THE VIDEO HERE!
Showing posts with label SPX 1/22/2019 2635/2665 call spread. Show all posts
Showing posts with label SPX 1/22/2019 2635/2665 call spread. Show all posts
Tuesday, January 22, 2019
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