Rocket Update 2 - SPY Call Credit Spread 01-11-21
Update on our new Options Trade - SPY Jan 15th Credit Call Spread
Both options expire Friday January 15th.
Sold a Jan 15th $384 SPY Call
Bought a Jan 15th $385 SPY Call
The market has already started a bit lower. I was able to get the trade off at a $0.27 credit after I sent out the trade update. Don't get less than a $0.25 credit for this call spread. You want at least a 3-1 risk vs. reward ratio in this trade. The $384 - $385 Jan 15th credit call spread is at about $0.25 right now as of 1:50 pm EST.
Sold a Jan 15th $384 SPY Call
Bought a Jan 15th $385 SPY Call
The market has already started a bit lower. I was able to get the trade off at a $0.27 credit after I sent out the trade update. Don't get less than a $0.25 credit for this call spread. You want at least a 3-1 risk vs. reward ratio in this trade. The $384 - $385 Jan 15th credit call spread is at about $0.25 right now as of 1:50 pm EST.
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