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Showing posts with label SPX May 11 2018 2730/2750 call spread. Show all posts
Showing posts with label SPX May 11 2018 2730/2750 call spread. Show all posts

Friday, May 11, 2018

SPX Credit Call Spread

Friday, 5/11/2018 (9:55 am, PT) FP

buy +2  May 11, 2018  2750 calls 
sell -2  May 11, 2018  2730 calls

  • net credit (max profit):  $1.35 x 200 =  $270
  • 3 hours left until expiration
  • short call (2730) delta =  25.57
  • margin requirement:  $4,000


Friday, 5/11/2018 (12:45:26 pm, PT)

buy back both short calls (2730) at $0.20 to remove the risk
let long (2750) calls expire worthless

PROFIT:  $230 (in 3 hours)
Return on capital:  5.75% (in 3 hours)