Market looks strong today. Looks like a bottom has been put in. Let's start off the June cycle with an SPX bull put spread below the lows of recent memory.
With the SPX at 1392, let's:
Sell 20 June SPX 1235 puts - SZPRG
Buy 20 June SPX 1225 puts - SZPRE
Credit of about $.70 ($1,400)
Cushion of about 157 points (at this writing). Maintenance is $20,000. Market is moving up, but it has been pulling back. You might get filled on a pullback. If the market runs away and you don't get filled, don't worry about it. You can lower the credit limit or we can just wait until another day.
Good luck and make sure to check the option symbols before placing your trade.