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Monday, June 20, 2022

Options trade : SPX bullish trade

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FREE OPTIONS TRADING LESSONS HERE.


8/31/2021

sell -2 Sep 7, 2021  4405 put at $3.46 (prob ITM 9%)

buy +2 Sep 7, 2021  4220 put at $0.91 (prob ITM 2%)

  • net credit:  $2.55
  • SPX = 4520
  • 7 DTE


9/7/2021 (expiration)

buy back 4405 short puts at $0.05 to remove the risk

let the long puts expire

NET PROFIT:  $494.22

SPX settled at 4520.03 (-15.40)