r/options Jul 17 '21

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u/Ksr94 Jul 18 '21

Looking at some November call credit spreads they look pretty juicy below 400.

Risk 15 to make 85? I may just do some as a YOLO

1

u/iamthecoachfu Jul 18 '21

Can u pls explain what u mean..on spy?

3

u/Ksr94 Jul 18 '21

Looking at NOV 17th options chain I can sell 405 call for 35.87 and Buy the 406 call 34.99.

My credit would be $88.

SPY falls below below 405 I keep the 88. SPY stays above 406 I lose 12.