Fri. 3/26/2021
sell -1 March 26, 2021 3915 put at $1.52 (prob ITM 15%)
buy +1 March 26, 2021 3850 put at $0.12 (prob ITM 1%)
net credit: $1.40 x 1 x 100 = $140
margin: $6494
SPX at 3934
Fri. 3/26/2021 (EXPIRATION)
buy back short put at $0.05 to remove the risk of assignment
let the long put expire
NET PROFIT: $132.11 (2 hours)
Return on capital: 742% (annualized)
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