anyone watching the june spy deep out of the money puts?

Quote from spindr0:


My take is, you can't earn 20 cts tomorrow or even this week? You need 4 months to do it? The time risk is far too high for such a small reward. But that's just my discomfort zone :)
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Yes, Robbie - that's what you are missing, as I tried to explain (but obviously failed).

IMHO, far too much risk (even though it's a tiny risk) to earn so little. And it takes far too much time to do it. You can do better than that.

Mark
 
Quote from robbie380:
sell 2 june 40 puts @ .40

buy 1 june 45 puts @ .60
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I don't know what the prices were on Friday, but now a June 40 P is .36x.40 and a June 45 P is .62x.65. Assuming you can get a fill in the middle, you'll net .13. If you're paying $1 a contract in commission, you'll net .11.
 
If you put it on now with current bid/ask spreads you'd net .07 before commissions.
Quote from loufah:

I don't know what the prices were on Friday, but now a June 40 P is .36x.40 and a June 45 P is .62x.65. Assuming you can get a fill in the middle, you'll net .13. If you're paying $1 a contract in commission, you'll net .11.
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i put on a different spread in april that i think has a chance of getting near the low strike that gave me a 75 cent credit. we shall wait and see how things work out.
 
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