Monday, 11/12/2018 (Expiration Monday)
12:22:03 pm, PT
buy +1 Nov 12, 2018 2770 call at $0.05 ← "wing"
sell -1 Nov 12, 2018 2750 call at $1.30 ← 22 delta
margin: $2,000
net credit: $1.25 x 1 x 100 = $125 (max profit)
1:00 pm, PT
SPX closed at 2726.22
all call options expired "worthless"
PROFIT: $125 (in 38 minutes)
Learn to SELL call options HERE!
