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Showing posts with label SPX July 16 2018 2805/2825 call spread. Show all posts
Showing posts with label SPX July 16 2018 2805/2825 call spread. Show all posts

Monday, July 16, 2018

SPX credit call spread (options)

Monday, 7/16/2018 (Expiration Day)

Trade 1 (9:56:41 am, PT)

buy +4 July 16, 2018  2825 calls at $0.03 ("wings")
sell -4 July 16, 2018  2805 calls at $1.08 27.48 delta

  • net credit:  $1.05 x 4 x 100 =  $420 (max profit)
  • margin:  $7560


Trade 2 (12:15:34 pm, PT)

  • buy back the short calls (2805 strike) at $0.05 to take profits and remove the risk
  • let the long "wings" (2825 strike) expire at 1:00 pm, PT


TOTAL PROFIT:  $400 (in 2¼ hours)  😃

LEARN TO SELL CALL OPTIONS HERE!