Trade 1 (10:21:22 am, PT) ← SPX around 2865
sell -6 Oct 8, 2018 2845 puts at $1.00
buy +6 Oct 8, 2018 2815 puts at $0.10
- net credit: $0.90 x 6 x 100 = $540 (max profit)
- margin: $18,000
Trade 2 (10:44:15 am, PT)
buy back all 6 short puts (2845) at $0.20 to take profits and remove the risk
PROFIT: $420 (in 23 minutes!)
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