Options trade: Financial Sector ETF (XLF) short put, 7/23/2021 exp | 21% return

Thu. 6/17/2021

sell -1 July 23, 2021  $34.50 put at $0.41

• prob ITM:  28%
• max profit at exp:  $41
• XLF = $36.09
• 36 DTE
• stochastics near "oversold"

Wed. 6/30/2021 <---  23 DTE

bought back short put at $0.14 to remove the risk of assignment

NET PROFIT:  $25.68 (14 days)

Return on capital ($3450):  21% (annualized)

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