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Wednesday, November 23, 2016

SPY ratio put spread

Friday, 11/18/2016 (9:10:40 am, PT) RD

+1  Dec 30, 2016  $218 put at $3.77
-2  Dec 30, 2016  $217 puts at $3.355 (46% prob ITM)

  • Net credit received:  $2.94 x 1 x 100 =  $294
  • Max profit (potential):  $394
  • Breakeven:  $213.06
  • 42 days 'til expiration


Wednesday, 11/23/2016 (12:48:01 pm, PT)

sell (to close) long put at $2.44
buy (to close) short puts at $2.13


  • Net debit:  $1.82 x 1 x 100 =  $182

TOTAL NET PROFIT:  $102.83 (in 3 trading days)


SUCCESS!