Trade 1 (10:05:47 am, PT) ← SPX @ 2914.54
buy +6 Sept 28, 2018 2945 calls at $0.05 ← cheap wings
sell -6 Sept 28, 2018 2920 calls at $1.80 ← 29.70 delta
- net credit: $1.75 x 6 x 100 = $1050 (max profit)
- buying power reduction: ($15,000)
Trade 2 (12:52:01 pm, PT)
buy back all 6 short calls (2920) at $0.05 to take profits and remove the risk
PROFIT: $1020 (3 hours)
Note: SPX closed at 2913.98
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