Strategy: Premium Income (Spread Bet) | Target ROI: 2.45% (Tax-Free*)
📊 Trade Dashboard
Key Metric
Details
Underlying Asset
US 500 Index (S&P 500)
Strike / Expiry
6500 / Jan 30th
Total Profit
+€245.68
Holding Period
10 Days
Actual ROI
+2.46% (Final)
Tax Status
Tax-Free (UK & Ireland Residents)
📝 Live Trade Log
Daily updates and management actions.
Jan 30 (Exit): ✅ Trade Closed. The index expired well above 6500. Option expired worthless, securing the full 2.46% ROI. Position will clear automatically.
Jan 29: Up 2.37%. One day to expiry; holding for full profit.
Jan 26: Up 2.25%. No action required.
Jan 23: Up 2.14%. Maintaining position.
Jan 22: Strong rally. Position at 1.86% ROI in 48 hours.
Jan 21: Profitable within 24 hours. On track for target yield.
Jan 20 (Entry): Sold 6500 Put @ $14.68 (Size: 20). Total Premium: $293.60.
⚙️ US 500 Strategy & Original Setup
This strategy is for selling a cash-settled short put option on the US 500 Index via the IG options chain. Maximum loss can be significant if not managed correctly. Strictly adhere to risk mgt guidelines.
I. Setup & Rationale
Account Size: €10K
Trade Date: Jan 20th 2026
Underlying Instrument: US 500 Index Option (S&P 500 Index)
Current Index Price: 6830
Market Outlook: Strong Bullish/Neutral - Expected to remain above the strike.
Goal of Trade: Premium Income Generation
Probability of Profit: 95% (This is the main attraction in the trade)
II. The Trade Details
Action: Sell to Open Short Put Option
Strike Price: 6,500
Expiration Date: Jan 30th ( 9 Trading Days)
Premium Collected: $14.68
Trade Size: 20
Total Premium Collected: $293.60 ($14.68*20)
III. Risk & Profit Metrics
Maximum Profit: $293.60
Breakeven Price: $6,500 - $14.68 = $6,485.32 (We need the share price to remain above this price at EXPIRATION to make a profit)
Margin Required: We recommend keeping it to below 60% of account size.
Maximum Loss: Unlimited - losses can increase the further the share price drops below the breakeven price.
IV. Trade Management & Exit Plan
Take Profit: Let Trade run to expiry unless we implement our risk management plan between now and expiry.
Risk Mgt: If Price drops to 6,600 we will roill down to roughly 6200 for the February expiry and generate a net credit.
If the price gets to within 6600 of strike price, we will rollout to next monthly expiry and down to a strike price that gives you a $0.01 minimum credit.
If price suddenly drops and no rollout can be activated: we may close down the trade and take the loss. We will decide if and when that situation occurs.
📞 Strategy Call Assistance
If you require assistance with trade setup, risk management, or strategy review, please schedule a strategy call.
PREMIUM Plan Members: Strategy calls are included in your plan.
All Other Members: Strategy calls can be scheduled at a rate of €100 per half hour.
