Thu. 12/3/2020
sell -1 March 19, 2021 $280 put at $2.05 (prob ITM: 9.26%)
buy +1 March 19, 2021 $248 put at $0.99 (prob ITM: 4.79%)
- net credit: $1.06 x 1 x 100 = $106
- max profit: $106
- "overbought"
- 106 DTE
- margin: $413
Thu. 2/4/2021
buy back the entire spread for $0.20
NET PROFIT: $81.02
return on capital: 19.62% (in 2 months) = 119% (annualized)
Learn to trade options.
