New Bull Put Credit Spread Idea on SPY
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Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
TRADE IDEA: 10/23: SPY – Consider shorting Oct (10/24) $265/255 bull put credit spread (10 DTE) around current mid-point of $.92/share. Breakout out intra-day, short term income trade with oversold market internals. Stop Loss $268.48.