LogFAQs > #942059222

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TopicStock Topic 8
masterplum
07/13/20 2:59:00 PM
#64:


I feel like the more I learn about options trading the more confused I get

so this morning I bought 5 Amazon Call spreads for $2500 total They were

$3250 Calls- Bought
$3260 Calls - sold

So Amazon ends the week above $3260 I bank another $2500

Amazon then tanked so I nervously put in a sell order.

I ended up making $250 despite the fact that my calls were a good 100 points out of the money. The ratio between them just converged to $5.50 and my order executed.

what kind of crazy wizardry is this.

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