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Showing posts with label SPY Mar 19 2021 280/248 put spread. Show all posts
Showing posts with label SPY Mar 19 2021 280/248 put spread. Show all posts

Tuesday, April 13, 2021

Options trade: SPY credit put spread | 119% return

 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)

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