SPX November 1 Put Credit Spread closing order filled.
This morning's open put our SPX Put Credit Spread in the target zone; the closing order for .20 to close the spread filled at approximately 10:15 am. SPX was trading at 1762.56 when my order executed.
Our gain on this position was $70 before commissions, or 7.7% of the margin/risk.
The next trade entry will be this Thursday, after the weekly jobless claims report. If this trend continues, the weekly trade for the November 2 cycle will most likely be another put credit spread. Details on trade entry will be posted then.
Stay keen on your risk management and trade carefully,