Shared by
billjf
Protective play
Vertical PUT debit spread 280/275 x20
Expires 3/20
Cost: $100
Max Potential Profit: $9900
2/25 Sold 3 for $105
New Cost: $10
New Max Potential Profit: $8415
2/27 Sold 5 for $500
3/5 Sold the remaining 12 for $960
Gain: 1465%
14.65% of max potential profit
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-20 12:58:00 | MAR 20 280 PUT | buy | $0.2500 | long |
| 2020-02-20 12:58:00 | MAR 20 275 PUT | sell | $0.2000 | short |
| 2020-02-25 15:50:00 | MAR 20 275 PUT | buy | $1.420 | short |
| 2020-02-25 15:50:00 | MAR 20 280 PUT | sell | $1.770 | long |
| 2020-02-27 15:59:00 | MAR 20 275 PUT | buy | $4.210 | short |
| 2020-02-27 15:59:00 | MAR 20 280 PUT | sell | $5.210 | long |
| 2020-03-05 13:09:00 | MAR 20 280 PUT | sell | $4.530 | 0 |
| 2020-03-05 13:09:00 | MAR 20 275 PUT | buy | $3.730 | 0 |
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