JOIN PATREON TO SEE MY TRADES (REAL-TIME)
FREE OPTIONS TRADING VIDEOS HERE!
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
