Sell a credit spread. There's .21 cents in the 220/230 call credit spread here. Will wait until tomorrow to see what price action is and sell a call credit spread 2 standard deviations away. As of now, 1 SD is 20.40 Hoping for more upside by mid morning tomorrow. Possibly a few more pennies in premium.
Unfortunately the increments are 10.00 so to sell 10 CCS contracts here will put a hold of 10K of margin. Risk 1K to make 20.00 bucks. Who would do that?
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