Open Position: SPX Credit Spread for August 2 Cycle

Today's down-move caused the weekly SPX put credit spread to lose some ground from yesterday's close. However, as of this writing (2:45 Est.), the position remains open. The graph below shows the current status. The short strike delta is currently -.15, and is over 25 points out out of the money. Unless SPX reaches new lows by the close today (Tuesday), the position will remain open overnight.

SPX August 2 Credit Spread as of Tuesday afternoon:



A trade update will be posted tomorrow.

Stay keen on your risk management and trade carefully,

Dot Hazlin