Rocket SPY Debit Put Spread 04-16-21
$417 - $415 SPY Debit Put Spread
Markets continue higher on thin volume. We are initiating an SPY put spread from $417 - $415, which should cost around $0.70. Our max profit is $1.30 if the SPY closes below $415 by next Friday. The SPY is trading at $417.49.
Both contract expire Friday, April 23rd.
Buy the $417 SPY Put
Sell the $415 SPY Put
This should combine to cost (debit) $0.70.
Both contract expire Friday, April 23rd.
Buy the $417 SPY Put
Sell the $415 SPY Put
This should combine to cost (debit) $0.70.
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