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Showing posts with label SPX May 21 2021 3970/3940 credit put spread. Show all posts
Showing posts with label SPX May 21 2021 3970/3940 credit put spread. Show all posts

Wednesday, July 21, 2021

Options trade: SPX credit (bull) put spread, 5/21/2021 exp | 29,205% return!

Wed. 5/19/2021 (12:02 pm, PT)

sell -2 May 21 2021  3970 puts at $5.11 (prob ITM 11%)
buy +2 May 21, 2021  3940 puts at $3.41 (prob ITM 7.39%)
  • net credit:  $1.70
  • SPX =  4085.63 (-42.20)
  • 2 DTE
  • FOMC minutes at 11 am (PT)
  • margin (risk):  $6,000


Wed. 5/19/2021 (12:54:51 pm, PT)

buy back put spread at $0.65 (debit)

SPX = 4105.25 - 4109.82

NET PROFIT:  $200.04 (in 52 minutes!)

Return on capital ($6,000):  29,205% (annualized)