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Showing posts with label SPX Aug 20 2018 2850/2825 credit put spread. Show all posts
Showing posts with label SPX Aug 20 2018 2850/2825 credit put spread. Show all posts

Monday, August 20, 2018

SPX credit put spread (options)

Monday, 8/20/2018 (Expiration Day)

Trade 1 (10:14:53 am, PT)

sell -4 August 20, 2018  2850 puts at $0.65
buy +4 August 20, 2018  2825 puts at $0.05

Stats:

  • delta for short put (2850):  15
  • net credit (max profit):  $0.60 x 4 x 100 =  $240
  • SPX trading at 2857


Trade 2 (12:31:12 pm, PT)

buy back short puts (2850) at $0.05

PROFIT:  $220 (in 2.25 hours)