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Tuesday, February 25, 2020

April SPX Credit Put spread

As per the rules, it is a short term oversold environment:



Trade Details:

4 April 2770/2780 Credit Put spread @0.65 credit

Total credit: $260
Max Risk: $3,740
Days to expiration: 52


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TRADE UPDATE - March 9, 2020

Adjusted the Credit Put spread downwards
Closed 4 April 2770/2780 Credit Put spread @3.10 debit

The Loss is 2.45 per = $980

Opened new Credit Put spread
 4 April 2250/2240 Credit Put spread @0.85 credit
Total credit $360


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TRADE UPDATE - April 17, 2020

4 April 2250/2240 Credit Put spread expires
Profit $360

Combining the earlier loss of $980 with this win of $360 we have a net -$620 
This represents a -16.6% return on Risk


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