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Showing posts with label SPX June 11 2018 2760/2785 credit put spread. Show all posts
Showing posts with label SPX June 11 2018 2760/2785 credit put spread. Show all posts

Monday, June 11, 2018

SPX credit put spread (options)

Mon. 6/11/2018 (9:35:09 am, PT)

sell -2  June 11, 2018  2785 puts at $1.20 (29 delta)
buy +2 June 11, 2018  2760 puts at $0.05

  • net credit (max profit):  $1.15 x 2 x 100 =  $230
  • margin:  $5000
  • options expire at 1:00 pm (PT)


Mon. 6/11/2018 (12:06:40 pm, PT)

buy back both short puts (2785 strike) at $0.50
let long puts (2760 strike) expire worthless ($10 "sacrifice" to create spread)

PROFIT:  $130

COMMENT:  
It's a GOOD thing I bought back my short puts at $0.50 because SPX closed at 2782 and my short puts would have ended up in-the-money!!  😨

LEARN TO SELL PUT OPTIONS HERE!