FREE OPTIONS TRADING LESSONS HERE.
9/16/2021
sell -2 Oct 22, 2021 $408 puts at $2.04 (prob ITM 13%)
buy +2 Oct 22, 2021 $355 puts at $0.51 (prob ITM 3.17%)
- net credit: $1.53
- SPY = 447.02
- margin: $4953
- oversold
- 36 DTE
10/21/2021
buy back $408 short puts at $0.01 to remove the risk
let the long puts expire
NET PROFIT: $301.34
