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Wednesday, March 2, 2022

Option trade : Tech Sector ETF (XLK) ratio put spread

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Thu. 4/8/2021

buy +1 May 21, 2021  $133 put at $1.58 (prob ITM 26.51%)

sell -2 May 21, 2021  $132 put at $1.41 (prob ITM 24%)

  • net credit:  $1.24
  • overbought stochastic
  • 43 DTE


Fri. 5/21/2021

buy back ONE of the short puts ($132 strike) for $0.01 to remove the risk of assignment

NET PROFIT:  $121