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Wed. 1/5/2022 (11:27 am, PT)
buy +1 Feb 18, 2022 $530 call at $0.05 (prob ITM 0.58%)
sell -1 Feb 18, 2022 $495 call at $1.22 (prob ITM 12.37%)
- net credit: $1.17
- FOMC minutes at 11 am (PT)
- right after the minutes were published, SPY dropped $9
- 44 DTE
- overbought
- at the time of this trade, SPY was down $3.61 at $473.94
Fri. 1/7/2022 (7:37 am, PT)
bought back entire call spread at $0.50
NET PROFIT: $64.34 (in 2 days)
Reasons for closing the trade:
- I achieved my goal of 50% of "max profit"
- protect my capital
- remove the risk
- there were still 42 DTE
