I opened my first Nov trade today with a Bear Call Spread as I think we will see some profit taking over the next couple weeks. If the SPY drops down below the 105 level then I will look at taking profits on this trade and opening a Bull Put Spread as I think we will stay between the 103 to 113 range before Nov expiration.
Nov 09 Bear Call Spread 114/115 ROI of 14%
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