Tuesday, July 6, 2021

New Trades

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%