FREE OPTIONS TRADING LESSONS HERE.
9/27/2021
sell -2 Oct 1, 2021 4320 puts at $3.80 (prob ITM 9.33%)
buy +2 Oct 1, 2021 4240 puts at $1.80 (prob ITM 4%)
- net credit: $2.00
- SPX = 4441.98 (-13.50)
- 4 DTE
10/1/2021 (expiration)
buy back the 4320 short puts at $0.05 to remove the risk
let the long puts expire
NET PROFIT: $384.04
SPX settled a 4357.04 (+49.50)
