Demo-Trading:
BUY TO CLOSE 17 October SPY 149 CALL @0.38
SELL TO CLOSE 17 October SPY 151 CALL @0.14
Debit: 0.24
The initial trade had been entered for a CREDIT OF 0.26. Closing the spread for 0.24 debit results in a small profit of 0.02. In 17 contracts per leg = 17 * 0.02 * 100 = $34. See order execution below.
(Click on image to enlarge)
As analyzed over the weekend, this trade is a necessity as there was double upside exposure on the portfolio. There is now one remaining position which is the RUT 910/915 Bear Call Spread which is looking pretty good.
Check out Demo-Record
BUY TO CLOSE 17 October SPY 149 CALL @0.38
SELL TO CLOSE 17 October SPY 151 CALL @0.14
Debit: 0.24
The initial trade had been entered for a CREDIT OF 0.26. Closing the spread for 0.24 debit results in a small profit of 0.02. In 17 contracts per leg = 17 * 0.02 * 100 = $34. See order execution below.
(Click on image to enlarge)
As analyzed over the weekend, this trade is a necessity as there was double upside exposure on the portfolio. There is now one remaining position which is the RUT 910/915 Bear Call Spread which is looking pretty good.
Check out Demo-Record
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