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Tuesday, March 2, 2021

Options trade: Facebook credit (bull) put spread | 164% ROC (annualized)

Monday, 2/8/2021

sell -2 March 12, 2021  $240 puts at $2.13 (prob ITM 16.93%)

buy +2 March 12, 2021  $210 puts at $0.37 (prob ITM 3.66%)

net credit:  $1.76 x 2 x 100 =  $352 (max profit)

margin:  $2318

FB @ $266.38


Monday, 3/1/2021

buy back the entire spread for $0.64 (debit)

NET PROFIT:  $218.67 (in 21 days)

ROC:  9.43% (21 days) =  164% (annualized)

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