Tracking and Developing my SPY credit spread strategy - Page 3
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Thread: Tracking and Developing my SPY credit spread strategy

  1. #21
    Senior Member
    Join Date
    Nov 2015
    Posts
    386
    April 21st trade to close:

    SPY price 235.03
    Buy to close 2 April 21st puts with 232.50 strike: price per contract = $0.09, cost to close $18.45
    Net income on transaction = $390.65.


  2. #22
    Senior Member
    Join Date
    Nov 2015
    Posts
    386
    April 21st trade:

    SPY price 235.03
    2 Short May 19 puts - 235 strike: price per contract = 2.76, premium received = $551.55
    2 Long May 19 puts - 223 strike: price per contract = 0.80, premium paid = $160.45
    Net premium received = $391.10
    Realized profit (loss) to date = $ (38.05)

  3. #23
    Senior Member
    Join Date
    Nov 2015
    Posts
    386
    April 28st trade to close:

    SPY price 238.28
    Buy to close 2 April 28th puts with 234.50 strike: price per contract = $0.07, cost to close $14.45
    Net income on transaction = $344.65.

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  5. #24
    Senior Member
    Join Date
    Nov 2015
    Posts
    386
    April 28th trade:

    SPY price 238.28
    2 Short May 26 puts - 238 strike: price per contract = 1.91, premium received = $381.55
    2 Long May 26 puts - 226 strike: price per contract = 0.42, premium paid = $84.45
    Net premium received = $297.10
    Realized profit (loss) to date = $306.60

  6. #25
    Senior Member
    Join Date
    Nov 2015
    Posts
    386
    I'm shelving this one for now. While I believe the strategy is sounds, I think you'd have to add some minimum implied volatility requirement because the premiums right now are god awful.
    Just not a great use of capital.


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