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Showing posts with label SPX March 10 2021 3665/3620 put spread. Show all posts
Showing posts with label SPX March 10 2021 3665/3620 put spread. Show all posts

Wednesday, April 14, 2021

Options trade: SPX credit put spread | 232% return

Monday, 3/8/2021

sell -1 March 10, 2021  3665 put at $2.29 (prob ITM 5.31%)

buy +1 March 10, 2021  3620 put at $1.09 (prob ITM 2.63%)

net credit:  $1.20 x 1 x 100 =  $120

margin:  $4371


Tuesday, 3/9/2021 (10:17 am, PT)

buy back 3665 short put at $0.20


Tuesday, 3/9/2021 (10:25 am, PT) <--- 8 minutes later

sell another put with strike price of 3790 (prob ITM 4.78%)

collected second credit of $1.20


Wed. 3/10/2021 (Expiration Day)

SPX = 3898.81

let all put options expire "worthless"

NET PROFIT:  $215.13 (2 days)

ROC:  232% (annualized)

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