Jeff 8:52 am on Tuesday, January 10, 2017
Tags: SPXcampaign ( 2,265 )

SPX call spread sold

#SPXcampaign Sold to Open $SPX Feb 10th 2350/2375 call spread for 1.30, with SPX at 2277.

rck89 9:26 am on Tuesday, January 10, 2017

I’m sure its probably too much to ask, but can you give a very brief summary as to why you picked those strikes and that expiration? I would have inclined to go with a shorter maturity. What am I missing?
- Jeff 9:33 am on Tuesday, January 10, 2017
  
  This is a base #SPXcampaign position: I sell 2 put spreads and 2 call spreads per week with that are 5 Fridays out. I try to sell for a premium of 1.20 or above. So whichever 25-point spread is offering that is the one I sell.
  - rck89 10:30 am on Tuesday, January 10, 2017
    
    So you are only doing credit trades…correct? I’m not sure what you meant by “….25 point spread is offering…”? Sorry I’m a bit slow, but eager to learn! Thanks.
  - rck89 10:46 am on Tuesday, January 10, 2017
    
    Did you mean 25 point spread between the strikes that you are selling and/or buying?
    - Jeff 11:12 am on Tuesday, January 10, 2017
      
      The strategy is only selling, and yes, 25-points between the short and long strike.
      - rck89 11:38 am on Tuesday, January 10, 2017
        
        Ok…got it! Thanks.
        
        Now if I could only figure out how to add my avatar?

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