SPX November 5 Put Credit Spread closed for target.
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 11 am est. SPX was trading at 1798.65 when my order executed.
Our gain on this position was $60 before commissions, or 6.5% of the margin/risk.
With the trading week shortened because of the Thanksgiving holiday next week, I may enter the weekly credit spread position on Wednesday. I will evaluate the market conditions and post an update Wednesday morning.
Stay keen on your risk management and trade carefully,