Locking In Gains On SPY Calls

More comments later but here is the close of the trade. You are welcome.

We are going to lock in the gains on the S&P 500 via SPY. We bought calls on the S&P 500 ETF (SPY) yesterday using the April $273.50 Call that was trading at $2.70. SPY was at $269.31 and is now at $271.00. The call is at $3.30 for a gain of $0.60 or 22.22%.

I hated the action today as far as how options were priced. The fix is in.