Trade Details:
4 September SPX 2775/2765 Credit Put spread @0.65 credit each
1 September SPX 3490/3500 Credit Call spread @0.90 credit
Net Credit: $350
Max Risk: $3,650
50 days to Exp.
Profit/Risk Profile
SPX Chart for future reference:
4 September SPX 2775/2765 Credit Put spread @0.65 credit each
1 September SPX 3490/3500 Credit Call spread @0.90 credit
Net Credit: $350
Max Risk: $3,650
50 days to Exp.
Profit/Risk Profile
SPX Chart for future reference:
Trade Update - August 7
Closed Call side
1 September SPX 3490/3500 Credit Call spread @2.10 debit
A $120 loss.
Put side remains in play, now looking safer and with a $260 credit.
Trade Update - August 27
Closed Put side
4 September SPX 2775/2765 Credit Put spread @0.10 debit each
Profit of 0.55 per spread for a total of $220 gain
This, combined with the earlier loss on the Call side of $120 results in a net +$100 profitable trade
+2.7% Return on Risk
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