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Showing posts with label SPX Oct 27 2022 3920/4000 credit call spread. Show all posts
Showing posts with label SPX Oct 27 2022 3920/4000 credit call spread. Show all posts

Thursday, October 27, 2022

Options trading : SPX credit call spread (bearish)

   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.



10/26/2022 (12:58:44 pm, PT)

buy +1 Oct 27, 2022 4000 call at $0.05 (debit)
sell -1 Oct 27, 2022 3920 call at $0.95 (credit)  🠈 prob ITM 5%
  • net credit:  $0.90 ($90 per spread)
  • 1 DTE


10/27/2022 (6:52:30 am, PT)  🠈 Expiration

buy back 3920 short call at $0.05

PROFIT:  $85 (in 1 day)