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Wednesday, March 2, 2022

Option trade : SPX bullish trade

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Thu. 4/8/2021

sell -1 Apr 9, 2021  4060 put at $1.72 (prob ITM 12%)

buy +1 Apr 9, 2021  4035 put at $0.57 (prob ITM 4%)

  • net credit:  $1.15
  • margin:  $2500
  • 1 DTE


Fri. 4/9/2021 (expiration)

SPX settled at 4128.80

all puts expired "worthless"

NET PROFIT:  $112.61 (1 day)