Beauty of the Trade

Yesterday I placed -3 VERTICAL SPX 100 (Quarterlys) 30 JUN 21 4150/4140 PUT @.60 and today I placed -3 VERTICAL SPX 100 (Quarterlys) 30 JUN 21 4330/4340 CALL @.50.It’s been a while since I’ve placed call spreads but did so today and last week for my SPX Monthly trades too.

So to explain these trades, the first one is a put credit spread. Where you sell the 4150 strike and buy the 4140 strike for $.60 per contract. So it’s .60 x100 x 3. That gives me a credit of $180. My plan is to close it at .10. You can do the math from there. The second trade is a call credit spread and that is the opposite.

So as long as the market stays within 4330 and 4150 before Jun 30, I make a profit. So I don’t even need to know which way the market will go as long as it stays within the range that I mentioned before it expires. So while I wait, the options decay and that is the beauty of this trade.

Talk soon,

Al Losada

Founder |  SimpleOptionStrategies.com

P.S. For live trade alerts, please check out our SOS Trade Alerts. We will be opening to new subscribers on Aug 3rd, 2021.

You can also check out my YouTube Channel at SOS YouTube

FREE DOWNLOAD

Comprehensive Options Cheat Sheet

Thanks! Your Cheat Sheet is on its way to your inbox!

FREE DOWNLOAD

Get My Personal Trade Journal & Template

Thanks! Your access link will arrive in your inbox shortly!

FREE DOWNLOAD

Comprehensive Options Cheat Sheet

You have Successfully Subscribed!

FREE DOWNLOAD

Get My Personal Trade Journal & Template

You have Successfully Subscribed!

SUBSCRIPTION

Zero Day SPX Expiration Trade Updates

You have Successfully Subscribed!

SUBSCRIPTION

Monthly SPX Options Trade Updates

You have Successfully Subscribed!

FREE DOWNLOAD

Comprehensive Options Cheat Sheet

You have Successfully Subscribed!