LILIA's MONEY MUSINGS: UVXY Apr 29 2022 6/11 credit put spread

Showing posts with label UVXY Apr 29 2022 6/11 credit put spread. Show all posts

Saturday, June 18, 2022

3/30/2022

sell -2 April 29, 2022 $11 put at $0.80 (prob ITM 39%)

buy +2 April 29, 2022 $6 put at $0.01 (prob ITM 0.92%)

4/13/2022

buy back the $11 short puts at $0.07 to remove the risk

let the long $6 puts expire

NET PROFIT: $140.04

Wed. 3/30/2022

sell -2 April 29, 2022 $11 puts at $0.80 (probability ITM 39%)

buy +2 April 29, 2022 $6 puts at $0.01 (probability ITM 0.92%)

Wed. 4/13/2022

buy back both short puts ($11 strike) at $0.07

let long puts expire

NET PROFIT: $140.04 (in 14 days)

Reasons for closing the trade:

We've achieved our goal of 50% of "max profit"