FREE OPTIONS TRADING LESSONS HERE.
12/2/2022
sell -2 Dec 16, 2022 $93 calls at $0.21 (credit)
(I reused the 2 long calls from another trade to create a spread)
- prob ITM: 7.56%
- XBI = $84.42
- 14 DTE
12/14/2022 (10:16 am, PT) 🠈🠈 FOMC press conference at 11 am, PT
buy back the two $93 short calls at $0.02 to remove the risk (even though expiration is only 2 days away)
PROFIT: $38
