New Bull Put Credit Spread Idea on SPY 10-31-18

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Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.

NEW TRADE IDEA:   10/31:  SPY – Consider shorting Nov (11/5) $263/253 bull put credit spread (5 DTE) for around current mid-point of $.49/share.   Bullish Gap Breakout hourly, oversold internals.  Stop Loss:  $263.08.