S&P500 ETF (SPY) trade – Update #1

You may refer to the original post here. S&P 500 Index Futures (/ES) validated this trade prior US market open and this trade (SPY Bull Put Credit Spread trade) is taken when US market open and premium $1 ($100 per options contract) is captured.

1. STO SPY 195 PUT strike, Jan Wk5 2016, 39 DTE
2. BTO SPY 190 PUT strike, Jan Wk5 2016, 39 DTE
SPY closed at 201.67 and further update will be shared. Adjustment/repair method may be deployed depending on how SPY performs in the next 38 days. Cheers!
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