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Wednesday, July 21, 2021

Options trade: SPX credit (bull) put spread, 7/14/2021 exp | 274% return

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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)


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