This blog will serve as a trading journal to track my options portfolio. Trade information will be posted weekly, including new positions, adjusted positions, and closed positions. The information presented here is for educational purposes only. Under no circumstances does this information represent a recommendation to buy or sell any stocks or options. If you choose to use this information, you do so at your own risk.
A Bull Put Credit Spread (BPCS) can be used as an alternative to a Cash Secured Put (CSP). It requires a lot less capital, and if the long put is bought for less than $0.10, the premium is almost the same as a CSP. I posted a trading plan today and also established the following trade. All prices include TD commissions.
| Stock | Opened | ExpDate | Days | Shrs | Strikes | ProbOTM | Margin | P/L | ROI | AROI |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | 7/6/2021 | 7/23/2021 | 17 | 100 | 415/320 | 86% | $9,500.00 | $104.97 | 1.10% | 23.72% |
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The information presented here is for educational purposes only. Under no circumstances does this information represent a recommendation to buy or sell any stocks or options. If you choose to use this information, you do so at your own risk.
