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Showing posts with label SPY Dec 17 2021 349/429 credit put spread. Show all posts
Showing posts with label SPY Dec 17 2021 349/429 credit put spread. Show all posts

Monday, June 20, 2022

Options trade : SPY bullish trade

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FREE OPTIONS TRADING LESSONS HERE.


11/19/2021

sell -2 Dec 17, 2021 $429 puts at $1.41 (prob ITM 10%)

buy +2 Dec 17, 2021 $349 puts at $0.21 (prob ITM 1.35%)

  • net credit:  $1.20
  • SPY = $469.45
  • overbought
  • 28 DTE
  • FOMC at 11 am, PT on 12/15/2021


12/14/2021

buy back the $429 short puts at $0.17 to remove the risk before the FOMC press conference

NET PROFIT:  $202.03