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Sunday, December 19, 2021

Option trade : Dow Jones ETF (DIA) credit (bull) put spread, 5/21/2021 exp | $83.36 profit

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Mon 4/26/2021

sell -1 May 21, 2021 $329 put at $2.03 (prob ITM 24%)

buy +1 May 21, 2021 $320 put at $0.97 (prob ITM 12%)

  • net credit: $1.06
  • DIA = $340.24
  • margin: $900
  • stochastics = 67 (heading down)
  • 25 DTE


Fri. 5/7/2021

buy back entire spread for $0.20 (debit)

NET PROFIT:  $83.36


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