I opened a new SPX trade, but decided to only open the top side of the trade for now. With volatility up, I feel like the market could make swift sell offs which could be difficult to deal with. I may add in the bottom leg of the trade if we have a big sell off, but for now I plan to just use these Bull Put spreads to keep my downside risk low during these volatile times.
Sold 250 of the May 10th SPX 1610/1615 Bull Put Spread for .85
This trade has a potential profit of $21,250 on $103,750 investment which would be a 20% return in two weeks.
No comments:
Post a Comment