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Wed. 1/5/2022
sell -1 Feb 18, 2022 $11 put at $1.36 (prob ITM 45%)
buy +1 Feb 18, 2022 $8 put at $0.14 (prob ITM 14%)
- net credit: $1.22
- margin: $300
- oversold
- 44 DTE
Tue. 1/25/2022
buy back the entire spread at $0.34
NET PROFIT: $85.35
Reasons for closing trade:
- overbought
- 24 DTE
- UVXY = $19
