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Friday, October 7, 2022

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

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10/6/2022 (11:03:55 am, PT)  🠈 Expiration

sell -1 Oct 6, 2022 3710 put at $0.50 (credit)  🠈 prob ITM 4.33% (risk)

buy +1 Oct 6, 2022 3655 put at $0.05 (debit)

net credit:  $0.45 ($45 for one spread)


10/6/2022 (12:30 pm, PT)

buy back 3710 short put at $0.05 to remove the risk

let the 3655 long put expire worthless

PROFIT:  $40