Stock / Symbol: S&P 500 / SPX
Strategy: Bull Put Spread
Trade entry date / price: 14 Dec 2020 / $3673
Trade exit date / price: 17 Dec 2020 / $3714
Update / Recap: Our exit order was filled right at market open today, capturing a 10% return in 4 trading days.
Position:
Short 1 SPX 18Dec20 3595 put
Long 1 SPX 18Dec20 3590 put
Entered at a net credit of $0.60 per contract, exited for net debit of $0.15 per contract.
Analysis:
Max Risk: $440
Max Reward: $60 or 13.6% with SPX at/over $3595 on Dec 18th
Profit Range: SPX at/over $3595 on Dec 18th
Estimated Commission (round trip): $2.60
Downside Stop at: $3599
Realized Profit/Loss: $45 or 10.2% (pre commission)
