1610/1615 call spread on the SPX
-4 @ .35 per contract gross credit
Expiration 4/18/2013. Expires on a Thursday since its a monthly.
$2,000 margin being used
.09 delta as of today (91% chance of success)
Spx still can make new highs anytime this week or next. But this trade fit SonnysMoney risk reward balance and is 50 points OTM as of today.