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Thu. 7/29/2021
sell -2 August 6, 2021 4280 puts (prob ITM 10%)
buy +2 August 6, 2021 4240 puts (prob ITM 7%)
- SPX = 4419
- net credit: $1.65 x 2 x 100 = $330 (max profit)
- 8 days 'til exp
- margin (risk): $8000
Fri. 8/6/2021 (Expiration Friday)
SPX settled at 4436.52 (+7.42)
all puts expired "worthless"
PROFIT: $330 (8 days)
Return on capital ($8000): 185% (annualized)
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