S&P500 ETF (SPY) trade – Update #2 And Merry Xmas!!!

Merry Christmas everyone! As today is also US holiday , for those who have credit spread, you should be glad as time decay is on your side!

SPY Bull Put Credit Spread trade is doing good and we can consider to close the position next week to capture 50-60% of the premium collected.

Explanation: We initiated the position to collect $100 per options contract, we can close the position by buying back the spread at around $40-$50 per options contract as this can:-
#1 avoid a profitable trade to become a losing trade &
#2 free up the margin for better trades.

We can also choose to keep this trade until expiry date. Cheers!

 

Advertisements

One thought on “S&P500 ETF (SPY) trade – Update #2 And Merry Xmas!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s