Demo-Trading:
BUY TO CLOSE 13 February SPY 135 CALL @0.50
SELL TO CLOSE 13 February SPY 137 CALL @0.20
Debit: 0.30
The initial trade had been entered for a CREDIT OF 0.35. Closing the spread for 0.30, gives me a profit of 0.05. In 13 contracts per leg = 13 * 0.05 * 100 = $65. See the order execution below.
(Click on image to enlarge)
As per the weekend analysis, closing this position as soon as a slight pull back shows up. Overall $65 in profit, although $78 in commissions. If markets keep moving down I will probably sell puts.
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BUY TO CLOSE 13 February SPY 135 CALL @0.50
SELL TO CLOSE 13 February SPY 137 CALL @0.20
Debit: 0.30
The initial trade had been entered for a CREDIT OF 0.35. Closing the spread for 0.30, gives me a profit of 0.05. In 13 contracts per leg = 13 * 0.05 * 100 = $65. See the order execution below.
(Click on image to enlarge)
Check out Demo-Record
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