Wednesday, 3/31/2021
sell -1 April 1, 2021 3940 put at $2.50 (prob ITM 12.22%)
buy +1 April 1, 2021 3910 put at $0.95 (prob ITM 5%)
net credit: $1.55 x 1 x 100 = $155
margin: $2850
1 DTE
SPX = 3987.44
Thursday, 4/1/2021 (EXPIRATION)
buy back short put (3940 strike) at $0.05 to remove the risk of assignment
let long put expire "worthless"
SPX closed at 4019.87
NET PROFIT: $147.11 (1 day)
Return on capital: 1884% (annualized)
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