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Showing posts with label SPY Nov 10 2021 330/406 credit put spread. Show all posts
Showing posts with label SPY Nov 10 2021 330/406 credit put spread. Show all posts

Monday, June 20, 2022

Options trade : SPY bullish trade

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10/11/2021

sell -2 Nov 10, 2021 $406 puts at $2.13 (prob ITM 16%)

buy +2 Nov 10, 2021 $330 puts at $0.15 (prob ITM 1.18%)

  • net credit:  $1.98
  • SPY = $436
  • 30 DTE
  • FOMC press conference at 11 am (PT) on 11/3/2021


11/3/2021 (10:48:35 am, PT)  <--- FOMC at 11 am (PT)

buy back the $406 short puts at $0.08

let the long puts expire

I wanted to close this trade before the FOMC press conference

PROFIT:  $380