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Monday, May 14, 2018

SPX credit call spread

Monday, 5/14/2018 (10:17:15 am, PT) FP

buy +3 May 14, 2018  2745 calls at $0.13
sell -3 May 14, 2018  2740 calls at $0.48

  • net credit (max profit):  $0.35 x 300 = $105
  • delta for short (2740) call:  13
  • margin:  $1500 
  • expiration:  1:00 pm, PT


Monday, 5/14/2018 (12:32:10 pm, PT)

buy back all short (2740) calls at $0.05 to remove the risk
let long (2745) calls expire worthless

PROFIT:  $90.00
Return on capital:  6% (in almost 3 hours)