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Showing posts with label SPX 3/10/2021 credit put spread. Show all posts
Showing posts with label SPX 3/10/2021 credit put spread. Show all posts

Wednesday, April 14, 2021

Options trade: SPX credit put spread | 232% return

Monday, 3/8/2021

sell -1 March 10, 2021  3665 put at $2.29 (5.31% prob ITM)

buy +1 March 10, 2021  3620 put at $1.09 (2.63% prob ITM)

net credit:  $1.20

margin:  $4371


Tuesday, 3/9/2021 (SPX up 80)

buy back short put (3665 strike) at $0.20


Tuesday, 3/9/2021 (8 minutes later)

sell -1 March 10, 2021  3790 put at $1.20 (4.78% prob ITM)

new margin:  $16,887


Wednesday, 3/10/2021 (Expiration)

SPX closed at 3898.81

Let entire put spread expire "worthless"

NET PROFIT:  $215.13 (in 2 days)

Return on capital:  232% (annualized)

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