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Showing posts with label XLY June 17 2022 167/189 credit call spread. Show all posts
Showing posts with label XLY June 17 2022 167/189 credit call spread. Show all posts

Saturday, August 13, 2022

Options trading : Consumer Discretionary Sector ETF (XLY) bearish trade

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


5/13/2022

buy +1 June 17, 2022 $180 call at $0.28 (prob ITM 3.65%)

sell -1 June 17, 2022 $167 call at $1.34 (prob ITM 14.69%)

  • net credit: $1.06
  • XLY = $150.87 (+4.32)
  • margin: $1300
  • 35 DTE


6/17/2022 (Expiration)

XLY = $136.10

My call spread expired perfectly

PROFIT:  $106