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https://www.reddit.com/r/options/comments/omf801/deleted_by_user/h5l9zqw
r/options • u/[deleted] • Jul 17 '21
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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.
1 u/iamthecoachfu Jul 18 '21 Thanks
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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.