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Wed. 8/4/2021
sell -2 Aug 13, 2021 4245 puts at $5.60 (prob ITM 10%)
buy +2 Aug 13, 2021 4180 puts at $3.20 (prob ITM 6%)
- net credit: $2.40 x 2 x 100 = $480 (max profit)
- SPX = 4406.96 (-16.19)
- max risk (AT exp): $13,000
- 9 DTE
Fri. 8/13/2021 (Expiration Friday)
SPX settled at 4468 (+7.17)
all puts expired "worthless"
PROFIT: $480 (9 days)
Return on capital: 148% (annualized)
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