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Showing posts with label SPX May 18 2022 3840/3900 credit put spread. Show all posts
Showing posts with label SPX May 18 2022 3840/3900 credit put spread. Show all posts

Saturday, June 18, 2022

Options trade : SPX bullish trade

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5/18/2022 (11:30 am, PT)

sell -1 May 18, 2022 3900 put at $1.42 (prob ITM 8.59%)

buy +1 May 18, 2022 3840 put at $0.17 (prob ITM 1%)

  • net credit:  $1.25
  • 0 DTE
  • SPX = 3943 (-145)


5/18/2022 (12:07:43 pm, PT)

buy back the entire spread at $1.20

This trade was heading in the wrong direction, so all I wanted to do was close the trade and break even.

NET PROFIT:  $0.22

NOTE:  SPX settled at 3923.68 (-165.17 or 4%)

My trade would have been fine, but I don't like to take unnecessary chances.