Mar 9, 2023·edited Mar 9, 2023Liked by Portfolio Armor
Just got filled on the 4.00-4.50 Long Put Verticals expiring 3/10 (tomorrow) and 3/15 for .35 on each spread.
The max potential return is 42.8% per day for the spread expiring 3/10 and 42.8% per week for the spread expiring 3/17. The max return hits if SI is at or below 4.00 strike price at expiration. Current SI price =3.82. Max risk is 0.35 per spread.
Executions were on BOX and EDGX complex order books.
Buy To Open SI 2.50-3.00 put vertical expiring tomorrow @0.20, stock was trading @2.85 so spread is trading at 0.05 over parity. Filled at the close, the order was resting more than one hour before getting filled. Midpoint spread price was 0.26 at time of execution. Exchange = BOX complex order book.
Just got filled on the 4.00-4.50 Long Put Verticals expiring 3/10 (tomorrow) and 3/15 for .35 on each spread.
The max potential return is 42.8% per day for the spread expiring 3/10 and 42.8% per week for the spread expiring 3/17. The max return hits if SI is at or below 4.00 strike price at expiration. Current SI price =3.82. Max risk is 0.35 per spread.
Executions were on BOX and EDGX complex order books.
David A. Janello, PhD, CFA
Exited the Silvergate puts today at $2.10 for a profit of 67%.
Buy To Open SI 2.50-3.00 put vertical expiring tomorrow @0.20, stock was trading @2.85 so spread is trading at 0.05 over parity. Filled at the close, the order was resting more than one hour before getting filled. Midpoint spread price was 0.26 at time of execution. Exchange = BOX complex order book.