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Wednesday, March 2, 2022

Option trade : SPX bullish trade

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Tue. 4/6/2021

sell -1 Apr 7, 2021  4030 put at $2.01 (prob ITM 11%)

buy +1 Apr 7, 2021  4000 put at $0.81 (prob ITM 4.34%)

  • Net credit:  $1.20
  • SPX =  4075
  • margin:  $3000
  • 2 DTE


Wed. 4/7/2021

Buy back 4030 short put for $0.05 to remove the risk

NET PROFIT:  $112.11 (one day!)