OPENING (IRA): SPX JANUARY 29TH 3290/3340 SHORT PUT VERTICAL
... for a 5.10 credit.
Metrics:
Max Profit: $510
Max Loss: $4490
Break Even: 3334.90
Delta/Theta: 2.6/6.75
ROC: 11.4% at max; 5.7 at 50% max; 83.22% annualized at max; 41.61 at 50% max.
Probability of Profit: 87%
Notes: A 10%-er in the expiry nearest 45 days in duration, opened late in the session. For smaller accounts, consider selling a short put vertical in SPY where the credit received is at least 10% of the width of the spread.
Metrics:
Max Profit: $510
Max Loss: $4490
Break Even: 3334.90
Delta/Theta: 2.6/6.75
ROC: 11.4% at max; 5.7 at 50% max; 83.22% annualized at max; 41.61 at 50% max.
Probability of Profit: 87%
Notes: A 10%-er in the expiry nearest 45 days in duration, opened late in the session. For smaller accounts, consider selling a short put vertical in SPY where the credit received is at least 10% of the width of the spread.
Trade closed manually:
Calling it "close enough" here. Closing for 2.70 at the open, 2.40 ($240) profit.