November 2014 N225 Call Spread

Sep-3, I sold a N225 Call Spread 17250/17500 when N225 was at 15795.71.

Details:
Buy N225 October 17500 Call at 33 (Delta: 0.0702)
Sell N225 October 17250 Call at 50 (Delta: 0.0974)

N225 at 15795.71 (~1454 points upside)


Credit received : 17 (JPY 17,000)
Max risk: 233 (JPY 233,000)
Margin: JPY 100,000
ROM: 17%
Days to expiration (DTE): 72

Below is the chart as at close of 3-Sep:

This the P&L Chart as at close of 3-Sep:

Related Posts:

Sep-19: Add November 2014 N225 Call Spread

Details:

Buy N225 October 17625 Call at 35 (Delta: 0.0792)
Sell N225 October 17375 Call at 50 (Delta: 0.1187)

N225 at 16274.20 (~1100 points upside)

Credit received : 20 (JPY 20,000)
Max risk: 230 (JPY 230,000)
Margin: JPY 100,000
ROM: 20%
Days to expiration (DTE): 55