FREE OPTIONS TRADING LESSONS HERE.
11/19/2021
sell -2 Dec 17, 2021 $429 puts at $1.41 (prob ITM 10%)
buy +2 Dec 17, 2021 $349 puts at $0.21 (prob ITM 1.35%)
- net credit: $1.20
- SPY = $469.45
- overbought
- 28 DTE
- FOMC at 11 am, PT on 12/15/2021
12/14/2021
buy back the $429 short puts at $0.17 to remove the risk before the FOMC press conference
NET PROFIT: $202.03
