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Monday, January 14, 2019

Options trade: SPX credit call spread (bearish trade)

Monday, 1/14/2019 (Expiration Monday)

Trade 1 (10:15 am, PT)

buy +2 January 14, 2019  2625 calls at $0.05 ("wings")
sell -2 January 14, 2019  2595 calls at $1.15 (21.86 delta)


Trade 2 (11:46 am, PT)

buy back both short calls (2595 strike) at $0.30 (take profits & remove the risk)

let long calls expire "worthless"

PROFIT:  $160 (in 90 minutes)

SPX closed at 2582.61

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