Hey, idiot! Nothing to do in life? A guy with 7 figure portfolio doesn't need to brag about it on a stupid message board. Never could understand why idiots like you need an attention. You have 7 figure portfolio - be happy find some woman (or women) and enjoy life.
An example would be: You buy a Jun 3 weekly call with strike price of 10 and sell Jun 3 weekly call with strike price of 22. Current quotes are: for 10 call bid/ask - 11.2/12.6, middle is 11.9. For 22 call bid/ask - 2.55/3, middle is 2.77. You enter the call spread to buy at 9.13 (11.9-2.77). If you get it and SRPT stays above 22 on June 3 you will get a difference of 12 (22-10). Your profit is 12-9.13 = 2.87. If SRPT drops to 19.13 by June 3 you will break even, if it is lower than 19.13 you will lose money. Not exciting but keep in mind that you are holding it only for a week and 2 days
Thanks. I already got my luck today but chances were in my favor anyway. If you never played options than it would be better not to call people playing them stupid. Options have an enormous amount of ways to play them, it is not very simple but doable.
It's you who is stupid. Traders can play options in many ways. For example, I had May 27 10 calls and sold yesterday May 27 18 calls. That appeared to be a very good decision because 10 calls are deep in the money and had very little time value but 18 calls had a lot of time value. It s probably useless to explain this to you because you are stupid. Sorry for the explanation