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Showing posts with label SPX May 21 2018 2735/2755 call spread. Show all posts
Showing posts with label SPX May 21 2018 2735/2755 call spread. Show all posts

Monday, May 21, 2018

SPX credit call spread (options)

Monday, 5/21/2018 (9:12:23 am, PT)

buy +4 May 21, 2018  2755 calls at $0.05
sell -4 May 21, 2018  2735 calls at $2.00 (28 delta)

net credit (max profit):  $1.95 x 4 x 100 =  $780
expiration:  1 pm (PT)


Monday, 5/21/2018 (12:33 pm, PT)

buy back short calls (2735) at $0.10 to remove the risk
let long calls (2755) expire

PROFIT:  $740 (in 3.5 hours) 😀



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