FREE OPTIONS TRADING LESSONS HERE.
11/3/2022 (12:57:37 pm, PT)
buy +1 Nov 4, 2022 3925 call at $0.07 (debit)
sell -1 Nov 4, 2022 3835 call at $1.27 (credit) 🠈🠈 probability ITM 4.45%
- net credit: $1.20
- SPX = 3718
- 1 DTE
11/4/2022 (8:34:48 am, PT) 🠈🠈 expiration
buy back short call (3835 strike) at $0.05 to remove the risk
PROFIT: $115 (in 1 day)
NOTE:
- at 7:41 am (PT), SPX hit a high of 3796.34 (not good)
- at the close, SPX settled at 3770.55 (+50.66 points)
