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BookingAlpha Option Trading Advisory

Tuesday, September 4, 2012

September SPY Bear Call Closed

BUY TO CLOSE 16 September SPY 145 CALL @0.25
SELL TO CLOSE 16 September SPY 147 CALL @0.08

Debit: 0.17 

The initial trade had been entered for a CREDIT OF 0.32. Closing the spread for 0.17 debit results in a profit of 0.15. In 16 contracts per leg = 16 * 0.15 * 100 = $240. See order execution below.

(Click on image to enlarge)

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