FREE OPTIONS-TRADING LESSONS HERE
5/17/2022 (11:08:17 am, PT)
buy +1 May 17, 2022 4160 call at $0.07
sell -1 May 17, 2022 4115 call at $1.47
- net credit: $1.40
- SPX = 4070
- margin = $4500
- 0 DTE (same-day expiration)
5/17/2022 (11:22:23 am, PT)
buy back short 4115 call at $0.20 to remove the risk
let the long call expire
NET PROFIT: $116.46 (in 14 minutes!)
SPX settled at 4088.85
