SPDR S&P 500 (SPY)

[ArchiH]

It was the 5/25 272C's and yes, it was .24 in less than 5 minutes (bought at .96, and sold at 1.20). I actually did the same thing 3 times today with the 272C's i.e. buy at .96 to 1.03, sell at 1.20 to 1.30 usually within 30 mins.

On expiry days it can be even better i.e. yesterday I had 272.50 C's at .06, and sold them for .63 in about 45 mins - I think they went to .80 not long after I sold...we call it the expiry LOTTO. That said, I mostly lose all my money on them when they expire worthless.

I'm wiped, I think I made over 15 trades today, but decent profits.

I'm all loaded for the DROP with mostly profits, but have some protection 6/1 273C's just in case...

Appreciate your input!

Archi