2013 SPX trade 10

Posted on March 27, 2013 | 2 Comments

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.

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2 responses to “2013 SPX trade 10”

  1. MarkAlan | March 27, 2013 at 3:49 pm | Reply

    Hey Sonny
    I’m curious…do you ever do spreads on individual stocks, or do you prefer the index etfs?
    thanks

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