On October 27th https://www.theoptionplayer.com/ executed a S&P 50 Index (SPX) short-term (8-day) option trade. November 3rd expiration option contracts expire today and we plan on letting all the call options expire worthless with the maximum profit. Confirmation information is displayed in the tables below. Login with a Premium Subscription to view data/images
The chart below confirms the S&P 500 Index remains well below our $2,595 sold call. The difference between funds received and paid out is an approx. 12% profit.
Unless there is a big move higher today the S&P 500 Index ETF (SPX) should remain below the $2,595 strike sold call. If the unexpected does happen, DO NOT let the index price end the day above the sold call at the close of trading today; otherwise you will be automatically assigned by the broker over the weekend. Going into the last 15 minutes of trading (3:45 pm EST), if the SPX Index is at $2,590 or below, we plan on allowing all the contracts to expire worthless. However, if the price moves higher, we will initiate an order to close out the position (buy back all the sold call option contracts).
The information presented here is for educational and informational purposes only, and this document is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful.