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SPX at 4472
I’m going to set up a BEAR TRAP between 4450 and 4270 with 18 days until expiration
This trade is set up by buying a 10pt wide put debit spread and selling a 50pt wide put credit spread
I’m looking for a credit around 0.40-.50 for this trade
If SPX is above 4460 at expiration, we get to keep the credit
If SPX is inside the BEAR TRAP, this trade has a potential to make upto 10.00 profit
I will consider stopping out of this trade IF/WHEN SPX trades below 4255
Risk Profile:
Order Ticket:
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