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Showing posts with label XBI Feb 12 2021 125/85 put spread. Show all posts
Showing posts with label XBI Feb 12 2021 125/85 put spread. Show all posts

Tuesday, January 12, 2021

Options trade: bullish put trade on Biotech ETF (XBI)

Tue. 1/5/2021

sell (to open) -1 Feb 12, 2021  $125 put at $1.99 (prob ITM: 21.56%)
buy (to open) +1 Feb 12, 2021  $85 put at $0.14 (prob ITM: 2.18%)

  • Net credit (max profit): $1.85 x 1 x 100 = $185
  • "oversold"
  • 38 DTE


Tue. 1/12/2021 

buy (to close) the $125 short put at $0.70

let long put expire

NET PROFIT:  $113.02 (7 days)

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