buy +4 May 16, 2018 2745 calls at $0.10 (debit)
sell -4 May 16, 2018 2730 calls at $1.50 (credit)
- expiration at 1 pm (PT)
- short call (2730) delta: 29.42
- net credit (max profit): $1.40 x 400 = $560
- margin: $6000
- stochastics: overbought region
Wednesday, 5/16/2018 (12:11:40 pm, PT)
- buy back short calls (2730) at $0.10 to remove the risk
- let long calls (2745) expire ($40 sacrifice)
PROFIT: $520 (in 2 hours, 10 minutes) 😀
Learn to SELL CALL OPTIONS HERE!
