FREE OPTIONS TRADING LESSONS HERE.
5/25/2022 (11:02 am, PT) 🠄 2 minutes after FOMC minutes were released
buy +1 July 1, 2022 $168 call at $0.35 (prob ITM 5%)
sell -1 July 1, 2022 $156 call at $1.45 (prob ITM 16%)
- net credit: $1.10
- XLY = $141.80 (+3.98)
- Margin: $1200
- 37 DTE
- FOMC minutes at 11 am (PT)
6/13/2022
buy back entire call spread at $0.50 (debit) 🠜 🠜 50% of "max profit"
I usually close my spreads when my profit reaches 50% of "max profit"
It is NEVER a good idea to hold these types of trades all the way until expiration!
PROFIT: $60
