### Comment:
That one had 5k at risk, but because it was a callender the upside risk was small for the first few points up. Max gain was about 90k to 100k that's what I would of had if I held till close.

### REPLY:
thank you for explaining but i still have trouble understanding how your profit was so large. i thought calendar spreads were an cheaper way of selling premiums, and thats what ive been doing with low IV stocks. I guess my questions is, wouldnt your gains from the SPX buy capped by the SPX sell, depending on the strikes? i cant believe im trying to learn on this subreddit

### END.