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Showing posts with label 2022 5/12.50 credit put spread. Show all posts
Showing posts with label 2022 5/12.50 credit put spread. Show all posts

Monday, June 13, 2022

Options trade : Ultra-VIX ETF (UVXY) bullish trade

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5/19/2022

sell -4 July 1, 2022 $12.50 puts at $1.29 (prob ITM = 38.65%)

buy +4 July 1, 2022 $5.00 puts at $0.01 (cheap "wings")

  • net credit:  $1.28 x 4 x 100 = $512
  • UVXY = $16.29 (-1.38)
  • oversold
  • 43 DTE


6/10/2022

buy back the 4 short puts ($12.50 strike) at $0.63 and reuse the 4 long puts for another put spread

PROFIT:  $260