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Thu. 7/8/2021
sell -2 July 14, 2021 4195 puts at $5.22 (prob ITM 11%)
buy +2 July 14, 2021 4160 puts at $3.62 (prob ITM 7.39%)
- net credit: $1.60
- SPX = 4326.41 (-32)
- margin (risk): $7,000
- 6 DTE
Wed. 7/14/2021 (Expiration)
SPX settled at 4374.30
all puts expired "worthless"
NET PROFIT: $315.02 (6 days)
Return on capital: 274% (annualized)