Monday, 10/1/2018 (Expiration Monday)
Trade 1 (10:16:44 am, PT) ← SPX between 2928.40 & 2929.20
buy +6 Oct 1, 2018 2950 calls at $0.05 ← cheap wings
sell -6 Oct 1, 2018 2930 calls at $1.55
net credit: $1.50 x 6 x 100 = $900 (max profit)
buying power reduction: ($12,000)
Trade 2 (12:26:25 pm, PT)
buy back short calls (2930) at $0.10 to take profits and remove the risk
PROFIT: $840 (2 hours, 10 minutes)
Learn to SELL credit call spreads here!
