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Wednesday, April 14, 2021

Options trade: SPX credit (bull) put spread | 1217% return

Monday, 3/1/2021 (10:02 am, PT) <--- EXPIRATION DAY

sell -1 March 1, 2021  3870 put at $1.45 (prob ITM 14.30%)
buy +1 March 1, 2021  3835 put at $0.25 (prob ITM 2.31%)

net credit:  $1.20 x 1 x 100 =  $120 (max profit)
margin:  3361
SPX at 3893


Monday, 3/1/2021 (12:52 pm, PT)  <--- almost 3 hours later

buy back 3870 short put at $0.05

NET PROFIT:  $112.11 (in about 3 hours)

ROC:  3.33% (in about 3 hours) =  1217% (annualized)