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Showing posts with label SPX May 12 2021 3990/4020 credit put spread. Show all posts
Showing posts with label SPX May 12 2021 3990/4020 credit put spread. Show all posts

Wednesday, March 9, 2022

Option trade : SPX bullish trade

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Thu. 5/6/2021

sell -2 May 12, 2021 4020 puts at $5.77 (prob ITM 10%)

buy +2 May 12, 2021 3990 puts at $4.42 (prob ITM 8%)

  • net credit: $1.35 x 2 x 200 =  $270
  • SPX = 4172.37 (+4.78)
  • margin:  $6000 - $7000
  • 6 DTE


Wed. 5/12/2021 (expiration)

buy back short puts at $0.10

sell to close long puts at $0.05


PROFIT:  $260