Sold 4 Credit Spreads on INGA (INGA:AMS) – 1.76% Potential Income Return In 18 Days

On December 29, we sold 4 bull put credit spreads on INGA:AMS stock, set with expiry in the next 18 days (January 15, 2021). For this trade, we got a small EUR 53.68 premium (after commissions)

AMS:INGA - The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. 

These trades come as the #46 and #47 in the month of December, according to our trading plan for this month, the premium generated from this trade makes us about 4.88% from our $1,100 monthly goal. While in total we have reached already 211.11% so far. Awesome.

Here is our trade setup:

  • BOT 4 AMS:INGA JAN 15 '21 - 7.6 + 6.g Put Bull Spread  -0.15  EUR  

For this trade, we got a premium of 53.68 EUR (after commissions) or 1.76% potential income return in the next 18 days.

What happens next?

On the expiry date (January 15, 2021) AMS:INGA is trading above EUR 7.6 per share -  options expire worthlessly and we keep premium - if AMS:INGA trades under EUR 7.6 on the expiry date, we get assigned.

But as we already have collected a premium of EUR 0.13 per share, our break-even price for this trade then is EUR 7.6- EUR 0.13= EUR 7.47

Selling credit spreads with INGA:AMS
Selling credit spreads with INGA:AMS
  • Running Total  25 Trades since May 11, 2020

  • Options Income: EUR 223