Options trade: SPX credit (bull) put spread, 7/21/2021 exp | 269% return

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Fri. 7/16/2021

sell -2 July 21, 2021  4235 puts at $3.75 (prob ITM 10%)

buy +2 July 21, 2021  4195 puts at $2.25 (prob ITM 6%)

• net credit:  $1.50
• SPX = 4345.08 (-14.95)
• margin (risk):  $8,000
• 5 DTE

Wed. 7/21/2021 (EXPIRATION)

SPX settled at 4358.69 (+35.63)

NET PROFIT:  $295.02 (5 days)

Return on capital:  269% (annualized)

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