Option Millionaires

[Cstern71]

A couple other people helped me out. It turns out my order ticket was in wrong. I was looking at selling 600w put and buying 595w call.

I ended up pulling a paper trade of STO 600wp at 2.85 and BTO 595wp at 1.47 for a credit of 1.38.

So if I have this right, I keep the 1.38 if AAPL closes above 600 on friday and if it closes below 595 I am out $500. I also figured out my margin requirement is $500.