sell -2 May 30, 2018 2710 puts at $0.85
buy +2 May 30, 2018 2690 puts at $0.10
- intraday stochastics: oversold
- margin: $4,000
- net credit (max profit): $0.75 x 2 x 100 = $150
- short put (2710) delta: 14.50
- expiration: 1 pm (PT)
Wed. 5/30/2018 [12:07 pm (PT) and 12:17:53 pm (PT)]
- bought back short puts at $0.05 to remove the risk
- let long puts (2690) expire at 1 pm (PT)
- SPX closed at 2724.01
PROFIT: $140 (in about 2.5 hours)
ROC: 3.40% (in about 2.5 hours)
Learn to SELL puts HERE!
