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6/25/2021
sell -2 July 16, 2021 $55.50 puts at $0.80 (prob ITM 43%)
buy +2 July 16, 2021 $50.50 puts at $0.07 (prob ITM 6%)
- net credit: $0.73
- INTC = $56.10
- margin: $1000
- oversold
- earnings on 7/22/2021
- 21 DTE
7/2/2021
buy back the put spread at $0.38 to close the trade
NET PROFIT: $64.67 (in 7 days)
