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Tue. 8/10/2021
sell -2 August 16, 2021 4265 puts at $1.40 (prob ITM 3.88%) <--- 6 DTE
buy +2 August 11, 2021 4260 puts at $0.15 (prob ITM 0.67%) <--- 1 DTE
- net credit: $1.25 x 2 x 100 = $250
- SPX = 4434.93 (+2.58)
- margin: $1000
Wed. 8/11/2021 (NEXT DAY)
buy back Aug 16 4265 short put at $0.70
let the long puts expire
NET PROFIT: $102.92 (ONE DAY)
Return on capital: 3756% (annualized)
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