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Thu. 3/10/2022
buy +1 March 11, 2022 4405 call at $0.20 (prob ITM 0.94%)
sell -1 March 11, 2022 4360 call at $1.40 (prob ITM 5.10%)
- net credit: $1.20 x 1 x 100 = $120
- 1 DTE
- margin: $4388
- SPX = 4260.65 (-17.23)
Fri. 3/11/2022 (expiration)
buy back 4360 call at $0.05 to remove the risk
let long call expire worthless
SPX settled at 4204.51
NET PROFIT: $112.12 (1 day)
