Stock / Symbol: S&P500 Index / SPX
Option Strategy: [private_monthly]bear call spread[/private_monthly]
Price at trade post: $2108
Reasoning: Opening up a [private_monthly]bear call spread[/private_monthly] here on SPX for June option expiration. If we get a quick move down in the market, I'll look to add [private_monthly]bull put spread, and thus turning the trade to an iron condor[/private_monthly] . The greeks going into this trade are: -1.1 delta, 2.6 theta, and -22 vega.
Trade Details:[private_monthly]
STO -2 SPX Jun15 2200 calls
BTO 2 SPX Jun15 2205 calls
for a min net credit of 0.30 per contract. The mid is currently at $0.30 (GTC order, limit order).
Requirements:
Cost/Proceeds: ($60)
Option Requirement: $940
Total Requirements: $940
Estimated Commission: $6
[/private_monthly]
Max Risk: $940
Max Reward: $60 or 6.3% between [private_monthly]$0 - $2200[/private_monthly] by Jun 19th
Profit Range: between [private_monthly]$0 and $2196[/private_monthly] by Jun 19th
Suggested Upside Stop: @ $2142
Suggested Downside Stop: NA
Non-members, click here for access
