Trade Details:
4 October SPX 2590/2580 Credit Put spread @0.75 credit each
1 October SPX 3100/3110 Credit Call spread @1.10 credit
Net Credit: $410
Max Risk: $3,590
59 days to Exp.
Profit/Risk Profile
SPX Chart for future reference:
Trade Update - September 12, 2019
Before I get complications on the Call side, I decided to close it all and deploy the Capital in the November cycle
Closed entire position:
4 October SPX 2590/2580 Credit Put spread @0.10 debit each
Original credit was 0.75 so this is a 0.65 gain x 4 = $260
1 October SPX 3100/3110 Credit Call spread @2.00 debit
Original credit was 1.10 so this is a $90 loss
Combining profit from the Put side and loss from the Call side, this was overall a $170 profit.
On a Max Risk of $3,590 this represents a +4.7% Return on Risk
4 October SPX 2590/2580 Credit Put spread @0.75 credit each
1 October SPX 3100/3110 Credit Call spread @1.10 credit
Net Credit: $410
Max Risk: $3,590
59 days to Exp.
Profit/Risk Profile
SPX Chart for future reference:
Trade Update - September 12, 2019
Before I get complications on the Call side, I decided to close it all and deploy the Capital in the November cycle
Closed entire position:
4 October SPX 2590/2580 Credit Put spread @0.10 debit each
Original credit was 0.75 so this is a 0.65 gain x 4 = $260
1 October SPX 3100/3110 Credit Call spread @2.00 debit
Original credit was 1.10 so this is a $90 loss
Combining profit from the Put side and loss from the Call side, this was overall a $170 profit.
On a Max Risk of $3,590 this represents a +4.7% Return on Risk
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