Follow me on Twitter!

Thursday, December 23, 2021

Options trading : Dow Jones "Diamonds" ETF (DIA) bull put spread, 12/31/2021 exp | $217 profit

 Join PATREON today!

See my new trades.

Get UNLIMITED coaching.


Friday, 11/19/2021

sell -2 Dec 31, 2021 $333 puts at $1.83 (prob ITM 17%)

buy +2 Dec 31, 2021 $260 puts at $0.23 (prob ITM 2%)

  • net credit:  $1.60
  • DIA = $355.79
  • margin:  $5621


Tuesday, 12/21/2021

buy back both short puts ($333 strike) at $0.50 to remove the risk and to take profits


Wed. 12/22/2021

sell (to close) the two remaining long puts at $0.01


NET PROFIT:  $216.71


FREE options trading lessons here!