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Fri. 7/16/2021
sell -2 July 23, 2021 4180 puts at $4.93 (prob ITM 10%)
buy +2 July 23, 2021 4135 puts at $3.13 (prob ITM 6%)
- net credit: $1.80
- SPX = 4330 (-30)
- margin (risk): $9,000
- 7 DTE
Fri. 7/23/2021 (EXPIRATION)
SPX settled at 4411.79 (+44.31)
all puts expired "worthless"
NET PROFIT: $355.02 (7 days)
Return on capital: 206% (annualized)
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