July 17, 2013 at 10:55 am
I am new to this forum. I trade mostly credit spreads. Are there others who like these?
A trade I put on today.
Sold to Open SPY JUL(4) 165 for 0.41 credit
Bought to Open SPY Jul(4) 163 for 0.20 debit
Total for trade = 0.21 credit with margin requirement of $200 per contract. This has an 80% chance of expiring Out of the Money in 9 days. The potential yield is 10%.
Do others use this style?
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