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Thursday, July 22, 2021

Options trade: SPX credit (bull) put spread, 7/6/2021 exp | 160% return

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Tue. 6/29/2021

sell -2 July 6, 2021  4195 puts at $3.23 (prob ITM 9.62%)

buy + 2 July 6, 2021  4155 puts at $1.98 (prob ITM 5.55%)

  • net credit:  $1.25
  • SPX = 4292.70 (+2.10)
  • margin (risk):  $8,000


Wed. 7/6/2021 (Expiration)

SPX settled at 4343.55 (-8.80)

all puts expired "worthless"

NET PROFIT:  $245.04 (7 days)

Return on capital:  160% (annualized)


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