New Bull Put Credit Spread Income Idea on SPY 10-31-18
Reminder, please read the value-added documents at the bottom of your member area.
Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
NEW TRADE IDEA: 10/31: SPY – Consider shorting Nov (11/9) $260/250 bull put credit spread (9 DTE) around current mid-point of $.68/share. Bullish Gap Breakout hourly, traded over 4 prior days’ highs, oversold internals. Stop Loss: $263.08.
