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SPX 23OCT Bull Put spread

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This topic contains 0 replies, has 1 voice, and was last updated by  Igor 5 years, 6 months ago.

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    Igor
    Keymaster

    SPX at 3283

    I’m going to sell an OTM put spread with about 75% Probability of Profit.

    I’m selling 23OCT 3150 put and buying 3140 put for a NET credit of $2.20

    I will look to stop this trade out if SPX breaks below 3150, which will result in about 1X credit loss.

     

    Order Ticket
    Type Asset Duration Strike C/P
    Sell To Open SPX 23OCT 3150 PUT
    Buy To Open SPX 23OCT 3140 PUT
    Total Credit: 2.20
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