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Wednesday, September 28, 2022

Options trading : SPX semi-bullish trade (credit put spread)

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9/28/2022 (10:40 am, PT)  🠄 see chart below

sell -1 Sep 28, 2022  3650 put at $1.05 (prob ITM 6.67%)

buy +1 Sep 28, 2022  3560 put at $0.05

  • net credit:  $1.00
  • SPX up over 55 points
  • 0 DTE
  • this is a credit put spread which is semi-bullish




9/28/2022 (12:08 pm, PT)

buy back 3650 short put at $0.05 to remove the risk

SPX settled at 3718 at 1 pm (PT)  🠜 Expiration

PROFIT:  $95  (in 90 minutes)