Follow me on Twitter!

Wednesday, April 14, 2021

Options trade: SPX credit put spread | 1375% return

 Tuesday, 3/2/2021

sell -1 March 3, 2021  3805 put at $2.55 (prob ITM 8.63%)

buy +1 March 3, 2021  3770 put at $1.20 (prob ITM 4.18%)

net credit:  $1.35 x 1 x 100 =  $135

margin:  $3372

SPX at 3890.37


Wednesday, 3/3/2021 (Expiration)

buy back 3805 short put at $0.05

let long put expire "worthless"

NET PROFIT:  $127.03 (1 day)

ROC:  3.77% (1 day) =  1375% (annualized)

For the full analysis, join PATREON and watch the video!