So, I did not know until I started trading SPY options heavily some months ago that SPY has "quarterly" options - yes, options that expire on the last trading day of each quarter. And so, coming up we have Mar5 = Mar 31 (the last trading day of Q1), 2 weeks from next Tuesday, and Apr1 (Apr 3rd) - 2 weeks from next Friday. The difference between Mar5 and Apr1, then, is 3 trading days. And so and so, with only 3 dte difference, the options between these two expiries should have fairly close pricing at common strikes, no? They do.
So what? So you can get in some cheap Mar5/Apr1 spreads! Cheap spreads!
The SPY $194/$201 puts double calendar debits $0.26, does not have huge r:r, but does have a wide profit zone, with b/e's between $190.40 and $204.00 at expiry...
So what? So you can get in some cheap Mar5/Apr1 spreads! Cheap spreads!
The SPY $194/$201 puts double calendar debits $0.26, does not have huge r:r, but does have a wide profit zone, with b/e's between $190.40 and $204.00 at expiry...
"If The Fool persists in his Folly he will become wise." - William Blake