sell -2 June 20, 2018 2775 calls at $1.95
- probability ITM: 37% (a bit high, but acceptable)
- I already had two long calls ("wings") (June 22 2845 calls) that were purchased for $0.30 on June 15
- margin: $14,000
- expiration: 1:00 pm (PT), June 20 (same day)
Wed. 6/20/2018 (11:57:19 am, PT)
buy back both short calls (2775 strike) at $0.10 to remove the risk
PROFIT: $370 (in 2.25 hours)
Learn to SELL call options HERE
