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)
