Recent content by buddtholomew

The question is whether I paid too much in premium for the CALL option. The SPY 127 is now trading at a premium of 3.52 versus the 4.31 on 10-28.

The question is whether I paid too much in premium for the 127 CALL option. The premium is now 3.52 versus 4.31 on 10/28.

There are several views, but no responses. Do I need to rephrase the question or provide additional details. I am a novice options trader and welcome any feedback. Best- Budd

200 SPY long @ 118 Sell 2 Dec Calls SPY @130 for 500 Buy 2 Dec Calls SPY @127 for 850 Net debit of 350 Break even @ 130.50 SPY Calls are currently trading at 5.01 x 200 = 1002 for a gain of $152. How does one decide whether to close the long leg of a bull call spread that is ITM with a...