Wednesday, August 14, 2013

$SPY Bear Call Spread for $140 using margin



Bear Call Spread
SPY
Sell to Open (price of the option you are selling):0.64
Strike Price:$171
Buy to Open (price of the option you are buying):$0.36
Strike Price (lower):$172
Amount of SHARES you are using:500
Margin Requirement (Maximum Risk):-$640
Credit Received:$140[*net MAXIMUM gain for the trade…]
21.88%
Percent Return on Risk Amount

14-Aug-2013BTO+5SPY830$172CALL$0.36DEBIT($180.00)
14-Aug-2013STO-5SPY830$171CALL$0.64CREDIT$320.00

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