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Showing posts with label 2021 4265/4220 credit put spread. Show all posts
Showing posts with label 2021 4265/4220 credit put spread. Show all posts

Tuesday, August 3, 2021

Options trade: SPX credit (bull) put spread, 8/4/2021 exp | $392 in 7 days (227% return)

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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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