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Saturday, June 18, 2022

Options trade : Visa (V) bullish trade

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11/11/2021

sell -2 Dec 17, 2021 $195 puts at $1.76 (prob ITM 20%)
buy +2 Dec 17, 2021 $140 puts at $0.10 (prob ITM 1.24%)
  • net credit:  $1.66
  • V =  $210.92
  • oversold
  • 36 DTE


12/7/2021

buy back entire spread for $1.50 to remove the risk

Note:  On Dec 1, V = $190.10, so my short put was ITM (bad)

NET PROFIT:  $26.72