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Wednesday, April 14, 2021

Options trade: SPX credit call spread | 1095% return

 Monday, 3/29/2021

buy +1 March 31, 2021  4065 call at $0.75 (prob ITM 3.64%)

sell -1 March 31, 2021  4035 call at $2.55 (prob ITM 11%)

net credit: $1.80 x 1 x 100 = $180

margin: $2868

2 DTE

SPX between 3968 and 3974


Wednesday, 3/31/2021 (EXPIRATION)

buy back short call (4035 strike) at $0.05 to remove the risk of assignment

let long call expire

SPX closed at 3972.89

NET PROFIT:  $172.11 (in 2 days)

Return on capital:  1095% (annualized)


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