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SPX at 4102
This is a Bear Trap with 29DTE.
The trade is made up of:
20pt wide Put Debit Spread
50pt wide Put Credit SpreadNet Debit: 0.60
BPR: 30.60If SPX is inside 3880-3675 at expiration, this trade will be worth 19.40
If SPX is above 3900 this trade will be worth 0 and we lose the debit paid
If SPX breaks below 3900 – it’s time to bail on this trade.Risk Profile:
Order Ticket:
SPX at 3983
This trade is expiring in 1 day and it is showing a slight profit.
While I dont know if it is or isnt going to hit the trap before tomorrow, I am leaning towards closing out this trade here.
Risk Profile:
Order Ticket:
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