Tue. 1/5/2021
sell (to open) -1 Feb 12, 2021 $125 put at $1.99 (prob ITM: 21.56%)
buy (to open) +1 Feb 12, 2021 $85 put at $0.14 (prob ITM: 2.18%)
- Net credit (max profit): $1.85 x 1 x 100 = $185
- "oversold"
- 38 DTE
Tue. 1/12/2021
buy (to close) the $125 short put at $0.70
let long put expire
NET PROFIT: $113.02 (7 days)
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