Stock / Symbol: [private_monthly]S&P 500 INDEX / SPX
Price at trade post: $1272.67[/private_monthly]
Option Strategy: bull put spread
Reasoning: This trade has a 89% probability of success and reaches full profit potential this Friday. We're using a day limit order.
Max Risk: $940
Max Reward: $60 or 6.38% by Aug 5th
Profit Range: $1219.70
Max Profit at: $1220 +
Trade Details:[private_monthly]
STO -2 SPX AugWk1 1220 Puts
BTO 2 SPX AugWk1 1215 Puts
for a net credit of $0.30 per contract (day order, limit order)
Requirements
Cost/Proceeds ($60.00)
Option Requirement $1,000.00
Total Requirements $940.00
Estimated Commission $12.95
[/private_monthly]
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