$10,736 Profit
NDXPLong Option
My first Nasdaq bull put vertical option spread. I put in two trades, one for 30 contracts at $1.55 premium and then again for the same strikes at $2.05 premium. Given the pattern, I was confident that the day of expiration would be an upswing. If not, I still had the premiums and I could get another credit for them to roll them over. My thesis was right on the upswing and I banked it all.
Newsletters:TimChallenge
Broker:Schwab
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| Date | Price | |
|---|---|---|
| Entry | 9/2/2021 | 50.93 |
| Exit | 9/3/2021 | 52.98 |
- Total Views80
- Position Size60
- Percentage4.03%
- Option TypePUT
- Strike15575.0
- Expiration
Proof
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