Options trade: SPX credit (bull) put spread, 5/3/2021 exp | 477% ROC

Friday, 4/30/2021

sell -2 May 3, 2021  4125 puts at $2.15 (prob ITM 10%)
buy +2 May 3, 2021  4095 puts at $0.95 (prob ITM 5%)

• margin: $6000
• net credit:  $1.20 x 2 x 100 =  $240 (max profit)
• SPX at 4185.32

Monday, 5/3/2021 (EXPIRATION)

SPX settled at 4192.66
All put options expired "worthless"

NET PROFIT:  $235.20 (3 days)
Return on capital:  477% (annualized)

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