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Showing posts with label SPX June 4 2021 4025/3995 put spread. Show all posts
Showing posts with label SPX June 4 2021 4025/3995 put spread. Show all posts

Tuesday, June 22, 2021

Options trade: SPX credit (bull) put spread, 6/4/2021 exp | 487% return

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Tue. 5/25/2021 (10 DTE)

sell -2 June 4, 2021 4025 puts at $6.57 (prob ITM 10%)

buy +2 June 4, 2021  3995 puts at $5.12 (prob ITM 8%)

SPX = 4195

margin (risk):  $6000

net credit:  $1.45 x 2 x 100 =  $290 (max profit)



Fri. 5/28/2021 (7 DTE)

buy back entire spread for $0.20 (debit)

NET PROFIT:  $240.22 (3 days)

Return on capital:  487% (annualized)

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