Sold a SOFI December Bull Put spread for $.42 ($42).
| SOFI | Sell | $10.00 | $0.55 | $11.19 SOFI | |
| SOFI | Buy | $8.00 | -$0.13 | ||
| $0.42 | Credit | ||||
| $2.00 | $0.21 | Buy back | 50.00% | ||
| Want min. credit to be at least 10% times the strike difference | $0.20 | ||||
| Max reward | $0.42 | ||||
| Max risk | $2.00 | ||||
| Return | 26.58% | ||||
|
Credit divided by the risk (credit to risk ratio)
|
21.00% |