FREE OPTIONS-TRADING LESSONS HERE!
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
