Options trade: SPX credit (bull) put spread, 8/13/2021 exp | $480 in 9 days (148% return)

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Wed. 8/4/2021

sell -2 Aug 13, 2021  4245 puts at $5.60 (prob ITM 10%)

buy +2 Aug 13, 2021  4180 puts at $3.20 (prob ITM 6%)

• net credit:  $2.40 x 2 x 100 =  $480 (max profit)
• SPX = 4406.96 (-16.19)
• max risk (AT exp):  $13,000
• 9 DTE

Fri. 8/13/2021 (Expiration Friday)

SPX settled at 4468 (+7.17)

all puts expired "worthless"

PROFIT:  $480 (9 days)

Return on capital:  148% (annualized)

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Options trade: SPX diagonal put spread, 8/16/2021 exp | $103 in ONE DAY (3756% return)

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Tue. 8/10/2021

sell -2 August 16, 2021  4265 puts at $1.40 (prob ITM 3.88%) <--- 6 DTE

buy +2 August 11, 2021  4260 puts at $0.15 (prob ITM 0.67%)  <--- 1 DTE

• net credit:  $1.25 x 2 x 100 =  $250
• SPX = 4434.93 (+2.58)
• margin: $1000

Wed. 8/11/2021 (NEXT DAY)

buy back Aug 16  4265 short put at $0.70

let the long puts expire

NET PROFIT:  $102.92 (ONE DAY)

Return on capital:  3756% (annualized)

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Options trade: Energy sector ETF (XLE) semi-bullish trade | How to manage an "unlucky" short-put trade

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Monday, 7/12/2021

sell -1 August 13, 2021  $51 put at $1.00

• prob ITM (assignment):  35.60%
• XLE = $53 (+0.155)
• oversold
• 32 DTE

Wednesday, 8/11/2021

buy back short put at $1.00 to break even

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Options trade: SPX credit (bull) put spread, 8/6/2021 exp | $330 in 8 days (185% return)

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Thu. 7/29/2021

sell -2 August 6, 2021  4280 puts (prob ITM 10%)

buy +2 August 6, 2021  4240 puts (prob ITM 7%)

• SPX = 4419
• net credit:  $1.65 x 2 x 100 =  $330 (max profit)
• 8 days 'til exp
• margin (risk):  $8000

Fri. 8/6/2021 (Expiration Friday)

SPX settled at 4436.52 (+7.42)

all puts expired "worthless"

PROFIT:  $330 (8 days)

Return on capital ($8000):  185% (annualized)

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Options trade: SPX credit (bull) put spread, 8/4/2021 exp | $392 in 7 days (227% return)

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Wed. 7/28/2021

sell -2 August 4, 2021  4265 puts (prob ITM 10%)

buy +2 August 4, 2021  4220 puts (prob ITM 6%)

• net credit:  $2.00 x 2 x 100 =  $400 (max profit)
• SPX = 4399.12 (-2.34)
• margin (risk):  $9,000
• 7 days 'til exp

Tue. 8/3/2021 (1 DTE)

buy back short puts for $0.05

sell to close long puts for $0.05

NET PROFIT:  $391.72 (7 days)

Return on capital:  227% (annualized)

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