Stock / Symbol: S&P 500 / SPX
Strategy: Bull Put Spread
Trade entry date / price: 14 Dec 2020 / $3673
Price at this post: $3690
Update: Entering our exit order now, structured to profit by $45 per contract. As usual, using a GTC order as it will likely not fill until tomorrow or Thursday. This position's Greeks are currently: 0.8 Delta, 12.4 Theta, and -3.6 Vega.
Trade Exit Order:
BTC 1 SPX 18Dec20 3595 put
STC 1 SPX 18Dec20 3590 put
For a max net debit of $0.15 per contract (GTC order, limit order). The mid is currently at a debit of $0.40.
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
Anticipated Profit/Loss upon fill: $45 or 10.2% (pre commission)
