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Showing posts with label SPX Apr 16 2021 4030/3980 credit put spread. Show all posts
Showing posts with label SPX Apr 16 2021 4030/3980 credit put spread. Show all posts

Friday, April 16, 2021

Options trade: SPX bull (credit) put spread | 429% return

Wednesday, 4/14/2021

sell -1 April 16, 2021  4030 put at $2.12 (prob ITM 7.08%)

buy +1 April 16, 2021  3980 put at $0.92 (prob ITM 2.95%)

net credit:  $1.20 x 1 x 100 = $120

margin: $5000

SPX at 4124


Friday, 4/16/2021 (EXPIRATION)

Strong up day, let all options expire "worthless"

NET PROFIT:  $117.61 (2 days)

Return on capital: 429% (annualized)


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