Follow me on Twitter!

Showing posts with label XLE Nov 12 2021 51/51.50 ratio put spread. Show all posts
Showing posts with label XLE Nov 12 2021 51/51.50 ratio put spread. Show all posts

Sunday, June 19, 2022

Options trade : Energy Sector ETF (XLE) ratio spread

GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.


10/6/2021

buy +1 Nov 12, 2021 $51.50 put at $1.19 (prob ITM 34%)

sell -2 Nov 12, 2021 $51 put at $1.06 (prob ITM 31%)

  • net credit:  $0.93
  • XLE = $54.44
  • overbought
  • 37 DTE


10/22/2021

buy back the entire spread at $0.10

NET PROFIT:  $79.03 (in 16 days)