New Trade – bull put spread w/ weekly options

Stock / Symbol: [private_monthly]S&P 500 INDEX / SPX
Price at trade post: $1266.30[/private_monthly]
Option Strategy: bull put spread

Reasoning: This trade has a 91% probability of success and reaches full profit potential this Friday. We're using a day limit order.

Max Risk: $950
Max Reward: $50 or 5.26% by Jun 24th
Profit Range: $1234.70 +
Max Profit at: $1235 +

Trade Details:
Buy 2 SPX JunWk4 1230 Puts
Sell -2 SPX JunWk4 1235 Puts
For a net credit of $0.25 per contract (Day / Limit Order)

Cost/Proceeds ($50.00)
Option Requirement $1,000.00
Total Requirements $950.00
Estimated Commission $12.95


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