7. Trade

Option expiration 20th July

Current price: 166.83 1.64(0.99%)      => Call credit spread 168/170

At price 166.95 will rollover to higher price 169/171

168.00    SPY130720C00168000    0.67    Up 0.39    0.66    0.67    11,728    87,209
170.00    SPY130720C00170000    0.18    Up 0.11    0.17    0.18    2,517    151,488


1 call credit spread = 0.66 - 0.18 = 0.48$


48$ - 2$ (commision) = 46$

Blocked margin:       1400$ (31%)
Margin available:      1443$
Profit:                      143$

Summary:
3x Call Credit Spread 167/169 (Expiration 20th & 26th July)
4x Call Credit Spread 168/170 (Expiration 20th July)