Let's see if we can generate a few bucks. Volatility is up a bit, giving us a few opportunities. We'll start with a bull put spread on the SPX. With the XPX at about 1295 . . .
Sell 12 SPX October 1210 puts - SZPVB
Buy 12 SPX October 1195 puts - SPTVS
Credit of about $.80 ($960)
That gives us a nice 85 point cushion. Maintenance is $18,000.
Always double check the option symbols before placing your orders. Be flexible. Be creative. But, don't be greedy.
Take care and trade smart!!