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Showing posts with label FB Mar 12 2021 240/210 put spread 2. Show all posts
Showing posts with label FB Mar 12 2021 240/210 put spread 2. Show all posts

Monday, April 12, 2021

Options trade: Facebook credit put spread | 164% return

 Monday, 2/8/2021

sell -2 March 12, 2021  $240 puts at $2.13 (prob ITM 17%)

buy +2 March 12, 2021  $210 puts at $0.37 (prob ITM 4%)

net credit:  $1.76 x 2 x 100 =  $352 (max profit at expiration)

margin:  $2318

31 DTE

FB at $266.38


Monday, 3/1/2021

buy back entire spread for $0.64

NET PROFIT:  $218.67

ROC:  164% (annualized)

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