Underlying stock symbol: SPY
Current price: $450.45
**Long Put (Buy)**
- Option: 20th Oct $442 Put
- Price per option: $4.50
- Contracts: 1 x 100
- Total cost: $450
**Short Put (Write)**
- Option: 20th Oct $449 Put
- Price per option: $6.62
- Contracts: 1 x 100
- Total cost: $662
**Spread**
- Spread price: $2.12 (net credit)
**Estimated Returns (As of 1st Sep 2023, S…
Keep reading with a 7-day free trial
Subscribe to Market Forecasts and Trade Plans to keep reading this post and get 7 days of free access to the full post archives.