FREE OPTIONS TRADING LESSONS HERE.
10/27/2022 (12:59:10 pm, PT)
buy +1 Oct 28, 2022 3975 call at $0.07 (debit)
sell -1 Oct 28, 2022 3915 call at $1.02 (credit)
- net credit: $0.95 ($95 for each spread)
- 1 DTE
- SPX = 3805.65 (-24.95)
- prob ITM for 3915 short call = 4%
- probability of success = 96%
10/27/2022 (1:11:56 pm, PT) 🠈 13 minutes later
buy back the 3915 short call at $0.20 and take a quick profit
PROFIT: $75 (in 13 minutes)
COMMENTS:
I was VERY surprised to see my call's premium drop so much in the after-hours market. My initial plan was to buy back the short call at $0.05 sometime tomorrow (expiration day), but Wall Street gave me a surprise gift!
Depending on what happens tomorrow (Oct 28), I may or may not reuse my long call ("wing") and sell (to open) another OTM call option.
For now, I am VERY happy that I made $75 in just 13 minutes!
