04-21-2022, 05:19 PM
(04-19-2022, 04:01 PM)NilesMike Wrote: Sold SPX spread today, should have been Monday but was travelling, so I got a better price. As Fenders said, it's good to be lucky.
Sold 4620/4630C for $2.00, risk $8.00
20 MAY 22
30 DTE
I had sold another way out call spread on 4/20
20 MAY 22 4630/4640 for $2.45 at the open and bought it back today for $1.20
Seems one can get a good rhythm with these way OTM call spreads. Sell 'em on a bit of an up move and cash 'em on the down day. $1.25 on $7.55 risk in a day is something we can all enjoy.