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Thursday, December 15, 2022

Options trading : SPX semi-bearish trade (credit call spread)

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



12/14/2022 (12:50 pm, PT)

buy +1 Dec 15, 2022 4095 call at $1.05 (debit)
sell -1 Dec 15, 2022 4075 call at $2.40 (credit) 🠄🠄  9% prob ITM
  • net credit: $1.35
  • SPX = 3999.67
  • FOMC at 11 am, PT
  • 1 DTE


12/15/2022 (expiration)

buy back 4075 short call at $0.05 to remove the risk and take my profits

PROFIT:  $130 (overnight)

SPX settled at 3895.75 so my short call would have been fine . . . but who needs the stress?