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Showing posts with label SPX 4360/4405 credit call spread. Show all posts
Showing posts with label SPX 4360/4405 credit call spread. Show all posts

Friday, March 11, 2022

Options trade : SPX bearish trade

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Thu. 3/10/2022

buy +1 March 11, 2022 4405 call at $0.20 (prob ITM 0.94%)

sell -1 March 11, 2022 4360 call at $1.40 (prob ITM 5.10%)

  • net credit: $1.20 x 1 x 100 = $120
  • 1 DTE
  • margin:  $4388
  • SPX = 4260.65 (-17.23)


Fri. 3/11/2022 (expiration)

buy back 4360 call at $0.05 to remove the risk

let long call expire worthless

SPX settled at 4204.51

NET PROFIT:  $112.12 (1 day)