FREE OPTIONS TRADING LESSONS HERE.
11/8/2021
sell -2 Dec 8, 2021 $443 puts at $2.10 (prob ITM 16%)
buy +2 Dec 8, 2021 $320 puts at $0.10 (prob ITM 0.64%)
- net credit: $2.00
- SPY = $469
- overbought
- 30 DTE
- margin: $9067
12/6/2021
buy back the two $443 short puts at $1.00
let the long puts expire
NET PROFIT: $196.03
