Replies to post #855 on Advanced Trading Methods

[dr_praeses]

It's a credit spread.

Say SPX doesn't move at all.

Both options expire worthless.

I make $.

What I meant was I could sell the 1275 puts and sit naked (risky--true) and collect the credit too.

You may be right it is risky.

But it seems risky to me only if SPX goes below 1225.