FREE OPTIONS-TRADING LESSONS HERE
5/25/2022 (11:27 am, PT)
buy +1 May 25, 2022 4065 call at $0.07
sell -1 May 25, 2022 4015 call at $1.57 (prob ITM 10%)
- net credit: $1.50
- FOMC minutes at 11 am (PT)
- 0 DTE
5/25/2022 (12:23 pm, PT)
buy back 4015 call at $0.70 to remove the risk (at 12:14 pm, SPX hit a high of 3999.33 ... not good!)
PROFIT: $80
Note: SPX settled at 3978.73 (+37.25), so my trade would have been fine. But it's always better to be cautious.
