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Wed. 7/28/2021
sell -2 August 4, 2021 4265 puts (prob ITM 10%)
buy +2 August 4, 2021 4220 puts (prob ITM 6%)
- net credit: $2.00 x 2 x 100 = $400 (max profit)
- SPX = 4399.12 (-2.34)
- margin (risk): $9,000
- 7 days 'til exp
Tue. 8/3/2021 (1 DTE)
buy back short puts for $0.05
sell to close long puts for $0.05
NET PROFIT: $391.72 (7 days)
Return on capital: 227% (annualized)
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