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Wednesday, January 2, 2019

Options trade: SPX short call options (bearish trade)

Wednesday, 1/2/2019 (Expiration Wednesday)

Trade 1 (10:01:05 am, PT)

sell (to open) -2  January 2, 2019  2530 calls at $1.40  (15 delta)

Max potential profit:  $280


Trade 2 (11:59:10 am, PT)

buy (to close) both calls at $0.20 (to remove the risk and take profits)

Note:  SPX closed at 2510.03 at 4 pm, ET

PROFIT:  $240 (in 2 hours)

Learn to SELL CALL OPTIONS here!