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Wednesday, April 14, 2021

Options trade: SPX credit call spread | 1554% ROC (annualized)

Friday, 3/12/2021 (9:19 am, PT)

buy +1 March 12, 2021  3980 call at $0.12 (prob ITM 1.55%)

sell -1 March 12, 2021  3950 call at $1.42 (prob ITM 15.42%)

net credit:  $1.30 x 1 x 100 = $130 (max profit)

margin:  $2867


Friday, 3/12/2021 (12:54 pm, PT)

buy back 3950 short call at $0.05

NET PROFIT:  $122.11 (in 4 hours) 

ROC:  1554% (annualized)

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