Follow me on Twitter!

Tuesday, June 22, 2021

Options trade: SPX credit bull put spread, 6/18/2021 exp | 135% return

Join Patreon to see my live trades!


Wed. 6/9/2021

sell -2 June 18, 2021  4045 puts at $6.50 (prob ITM 10%)

buy +2 June 18, 2021  4015 puts at $5.30 (prob ITM 8%)

net credit:  $1.20 x 2 x 100 =  $240

SPX = 4227.58

margin (risk):  $6000


Wed. 6/16/2021

bought back the entire spread for $0.35

NET PROFIT:  $155.08 (7 days)

Return on capital:  135% (annualized)

Learn to trade options!

Watch my FREE videos here!