I ignored an alternative which is equally likely.
Commentaire:
estimated debit $500 not 5K lol
Transaction en cours
Trade fermée: cible de profit atteinte
1.1 Credit Spread
19th Jul $29.40 Call - Write
19th Jul $40.00 Call - Buy
Estimated Credit:$500
2. 5 Put Debit Spread
19th Jul $24.40 Put -Write
19th Jul $29.40 Put- Buy
Estimated Debit: $5000
Net Collateral (Funny but should be $5000 LMFO)
will see if I want to take this trade