Friday, 1/15/2021
sell (to open) -1 March 19, 2021 $30 call at $0.24 (probability ITM 7.56%)
buy (to open) +1 March 19, 2021 $25 call at $0.95 (probability ITM 26.54%)
Net debit: $71
$71 = max loss if JETS closes below $25 at expiration
$429 = max profit if JETS closes above $30 at expiration (but the probability of this happening is less than 8%)
Tuesday, 2/9/2021
sell (to close) the entire call spread for a credit of $0.60
NET LOSS: $13.64 😔
I decided to close my trade early and take a small loss. After nearly 30 days, this trade never showed a profit. I wasn't in the mood to keep holding and hoping.
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