1. trade

Option expiration 20th July Current price: 161.76 => Call credit spread 167/169 167.00 SPY130720C00167000 0.24 0.06 0.25 0.26 9,432 63,947 169.00 SPY130720C00169000 0.09 0.01 0.08 0.09 1,733 56,571 10% of account = 270$ => 1 spread 25$ (sell) - 9$ (buy) = 0.16$ Premium without commision 16$ - 2$ (commision) = 14$  Blocked margin:    200$ Margin available:     2514$ 1x Call Call credit Spread 167/169 (Expiration 20th July)