I got paid $360 to potentially make $108,000....say what?
Alright made my long Call position a SPREAD:
Sold the SPY 282's for 41 cents against my long 279's from 40 cents...
thus i now have a $3 spread max payout....and i got paid 1 cent to make 3 dollars....
or i got paid $360 to potentially make $108,000....