FREE OPTIONS-TRADING LESSONS HERE
8/13/2021
sell -1 Sept 17, 2021 $174 put at $1.33 (prob ITM 24%)
buy +1 Sept 17, 2021 $125 put at $0.05 (prob ITM 0.90%)
- net credit: $1.28
- oversold
- 35 DTE
- XLY = $181.29
- margin: $4900
9/2/2021
buy back the $174 short put at $0.35 to remove the risk
let the long $125 put expire
NET PROFIT: $91.02
