We were attempting to “leg in” to a VZ 1×2 call spread against our LEAPS calls. However, our short calls didn’t get filled. We are going to sell that long call bought the other day for a small profit. Then sell a short-term call against the LEAP asClosed the recently bought long call:
Sell to close:Â VZ Oct 20th (monthly) 33.00 strike call
Credit:Â 1.20
This is a profit of +0.11 or +$11.00 overall.Sold a short-term call against our LEAP call:
Sell to open:Â VZ Oct 20th (monthly) 35.00 strike call
Credit:Â 0.12
