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Wednesday, June 23, 2021

Options trade: SPX credit (bull) put spread, 5/28/2021 exp | 174% return

Fri. 5/21/2021 (7 DTE)

sell -2 May 28, 2021  3935 puts at $3.50 (prob ITM 5.42%)

buy +2 May 28, 2021  3895 puts at $2.40 (prob ITM 3.75%)

net credit:  $1.10 x 2 x 100 =  $220 (max profit)

Margin (risk):  $8000

SPX = 4155 (-3.26)


Wed. 5/26/2021 <--- 2 DTE and SPX = 4196

buy back entire spread for $0.10 (debit)

NET PROFIT:  $190.42 (5 days)

Return on capital: 174% (annualized)

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