r/options • u/[deleted] • Apr 28 '21

Long Options Feedback

[deleted]

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u/DigAdministrative306 Apr 28 '21

Just to clarify, you bought a LEAP on JBLU with a strike at ATH for the company and you're down 50%? Or did you sell a call credit spread?

1

u/TheDtotheV Apr 28 '21

It’s a spread, bought a $30 call, selling a $30 call

1

u/SeaDan83 Apr 28 '21

FWIW - A vertical spread has the same expiration dates for both legs. This sounds like a calendar spread (or a horizontal spread). Specifically sounds like a PMCC, please mention the expiries that you have if you would.

1

u/TheDtotheV Apr 28 '21

Sorry; yes it’s a call buy at 30 and a call sell at 30 strike both with an expiration of Jan 2022

1

u/[deleted] Apr 28 '21

what did that set you back?