Trade Details:
4 November SPX 2710/2700 Credit Put spread @0.65 credit each
1 November SPX 3180/3190 Credit Call spread @1.05 credit
Net Credit: $365
Max Risk: $3,635
64 days to Exp.
Profit/Risk Profile
SPX Chart for future reference:
Trade Update - October 11, 2019
Closed Call side:
1 November SPX 3180/3190 Credit Call spread @0.15 debit
Original credit was 1.05. So, this is a 0.90 winner. Or $90 in dollar terms for one spread.
Put side remains open.
Trade Update - October 21, 2019
Closed Put side:
4 November SPX 2710/2700 Credit Put spread @0.15 debit each
Original credit was 0.65 per
Net gain 0.50 per spread = $200
Combining both Put and the Call side it is a $290 total profit
On a Max risk of $3,635, this is represents an 8% Return on Risk
We made 79% of the Max possible profit ($290 out of $365) with still 24 days to expiration. Time to close it and move on.
4 November SPX 2710/2700 Credit Put spread @0.65 credit each
1 November SPX 3180/3190 Credit Call spread @1.05 credit
Net Credit: $365
Max Risk: $3,635
64 days to Exp.
Profit/Risk Profile
SPX Chart for future reference:
Trade Update - October 11, 2019
Closed Call side:
1 November SPX 3180/3190 Credit Call spread @0.15 debit
Original credit was 1.05. So, this is a 0.90 winner. Or $90 in dollar terms for one spread.
Put side remains open.
Trade Update - October 21, 2019
Closed Put side:
4 November SPX 2710/2700 Credit Put spread @0.15 debit each
Original credit was 0.65 per
Net gain 0.50 per spread = $200
Combining both Put and the Call side it is a $290 total profit
On a Max risk of $3,635, this is represents an 8% Return on Risk
We made 79% of the Max possible profit ($290 out of $365) with still 24 days to expiration. Time to close it and move on.
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