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Fri. 10/7/2022 (10:45:48 am, PT) 🠈 Expiration Friday
buy +1 Oct 7, 2022 3765 call at $0.05 (debit)
sell -1 Oct 7, 2022 3700 call at $0.55 (credit)
net credit: $0.50 ($50 for one contract)
Comments:
★ I placed a bearish trade because SPX gapped down at the Opening Bell and the intraday trend was clearly bearish
★ I went pretty far OTM because sometimes the markets will reverse after a morning selloff
★ I placed my bearish trade when the intraday stochastics were in the "overbought" region (see chart below)
Fri. 10/7/2022 (expiration)
SPX closed (settled) at 3639.84 (-104.68)
My call spread expired perfectly
PROFIT: $50 (in 2.25 hours)
