Friday 10/5/2018 (Expiration Friday)
Trade 1 (9:53:29 am, PT)
buy +6 Oct 5, 2018 2905 calls at $0.10 ← cheap wing
sell -6 Oct 5, 2018 2890 calls at $1.40 ← 18 delta
net credit: $1.30 x 6 x 100 = $780 (max profit)
Trade 2 (12:57:13 pm, PT)
buy back all 6 short calls (2890) at $0.10 to remove the risk
PROFIT: $720 (in 3 hours)
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Showing posts with label SPX 10/5/2018 2890/2905 credit call spread. Show all posts
Showing posts with label SPX 10/5/2018 2890/2905 credit call spread. Show all posts
Friday, October 5, 2018
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