Replies to post #229682 on Option Millionaires

[mantis]

did you open both legs of these spreads at the same time ?

[leemalone2k3]

Looking for some of my spreads to go itm this week. Should be fun.

I bot 20 126c at .55 yesterday sold 10 at 1.00 and 5 at .90 yesterday. Sold 3 today above 2.00 so I have 2 left valued at 1.75 each
+ 950.00 gain
I am long 10 127c and short 10 129c at .15 debit. Risking .15 to make 2.00
-150.00 to make 2000.00 (1850.00 max gain) if above 129 next friday.
I am long 20 130c at .52 and short 20 131c at .40 for a .12 debit to make 1.00
-240.00 to make 2000 (1760 max gain) if above 131 on Friday
I am long 10 132c at .22 and short 10 134c at .11 to make 2.00
-110.00 to make 2000.00 (1890 max gain) if above 134 on Friday

If you take the gains from the 126 calls and subtract the costs of the spreads, I'm basically riding free spreads with a 450.00 minimum gain if all the spreads and the 2 long 126c expire worthless (below 126.00) next friday.
Minimum gain [phone]= $450.00 minimum gain
Max gain 1850+1760+1890= 5500 on the spreads added to whatever the two 126 calls sell