NEW TRADE IDEA:

New Master Trader Bull Put Credit Spread on SPY based on price action below.

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.

9/20:  SPY – Consider shorting Sep (9/24) $289.5/284.5 bull put credit spread (4 DTE) around current mid-point of $.40/share.  Gap breakout daily, bullish intra-days.  Stop Loss $290.98.