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Showing posts with label XBI Mar 19 2021 credit put spread. Show all posts
Showing posts with label XBI Mar 19 2021 credit put spread. Show all posts

Friday, March 12, 2021

Options trade: Biotech Sector ETF (XBI) Credit put spread

Thu. 2/18/2021

sell -2 March 19, 2021  $140 put at $1.44 (prob ITM 17.21%)

buy +2 March 19, 2021  $125 put at $0.35 (prob ITM 5.43%)

net credit:  $1.09 x 2 x 100 =  $218

margin:  $3,000


Fri. 3/12/2021

buy back the entire spread at $1.09

NET LOSS:  $5.34 (trading fees)

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