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Showing posts with label SPX Apr 14 2021 4055/4010 credit put spread. Show all posts
Showing posts with label SPX Apr 14 2021 4055/4010 credit put spread. Show all posts

Wednesday, April 14, 2021

Options trade: SPX credit put spread | 454% return

 Monday, 4/12/2021

sell -1 April 14, 2021  4055 put at $1.95 (prob ITM 8.55%)

buy +1 April 14, 2021  4010 put at $0.75 (prob ITM 3%)

net credit:  $1.20 x 1 x 100 = $120

margin:  $4500

2 DTE


Wednesday, 4/14/2021 (EXPIRATION)

buy back short put (4055 strike) at $0.05 to remove the risk of assignment


NET PROFIT:  $112.11 (2 days)

Return on capital:  454% (annualized)


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