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Wednesday, March 9, 2022

Option trade : SPX bullish trade

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Tue. 5/11/2021

sell -2 May 14, 2021 3995 put at $4.23

buy +2 May 14, 2021 3945 put at $2.58

  • net credit:  $1.65 x 2 x 100 =  $330
  • margin:  $5000 - $6000
  • 3 DTE


Fri. 5/14/2021 (expiration)

buy back short puts at $0.05 to remove the risk

let long puts expire


NET PROFIT:  $309.03