buy +4 May 18, 2018 2740 calls at $0.10 (debit)
sell -4 May 18, 2018 2720 calls at $1.40 (credit)
- stochastics: overbought region
- expiration: 1:00 pm (PT)
- net credit (max profit): $520
- margin: $8000
- delta of short call (2720): 30
Friday, 5/18/2018 (12:48:20 pm, PT)
buy back short calls (2720) at $0.05 to remove the risk
Comments:
- my closing order at $0.05 FINALLY filled at 12:48:20 pm (darn market makers!)
- let the long calls (2740) expire
- SPX closed at 2712.97
PROFIT: $500 (in 3 hours)
