Option Trade 2/4/2020

Buy April 54 put @ 1.525
Sell April 52 put @ 1.10
Sell April 51 put @ 0.975

Total Credit $220.00 less $12.15 commissions for a profit target of $207.85
Suggested account size: $2,000.00
Targeted Returns: 10.4%
Trade duration: 73 Days
Results to Date: +$87.85

Comments: Today the April futures were down -0.45 however the trade gained $10.00. This suggests to me that the implied volatility went out of the options a little today. The profitability on this trade is fairly modest but the trade can be doubled, tripled more for a larger account. I believe this is a low risk, low stress trade.

Best wishes,

Doc