Follow me on Twitter!

Sunday, June 19, 2022

Options trade : SPX bearish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


4/27/2022

buy +1 April 29, 2022 4400 call at $0.52 (prob ITM 2%)

sell -1 April 29, 2022 4335 call at $2.47 (prob ITM 6%)

  • net credit:  $1.95
  • SPX = 4183.92
  • 2 DTE


4/29/2022

buy back the short 4335 call at $0.05 to remove the risk

let the long call expire

NET PROFIT:  $187.11 (2 days)