Options trade: Energy sector ETF (XLE) short put trade (bullish), 5/21/2021 exp | 66% return

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Tue. 4/20/2021

sell -1 May 21, 2021  $46 put at $1.30

• prob ITM:  43.63%
• XLE = $47.06 (-1.29)
• oversold
• 31 DTE

Mon. 5/3/2021

buy back short put at $0.20 to remove the risk of assignment

• 18 DTE
• overbought

NET PROFIT:  $108.68 (13 days)

Return on capital:  66% (annualized)