SPX Credit Spread for February weekly cycle
Today is the planned entry day for the weekly SPX Credit Spread. As of this writing, SPX futures are -13 points. A one day standard deviation as of the close yesterday is 14 points, which is outside the guidelines for trade entry.
I will wait at least until this afternoon before considering a new trade entry. The move down this morning will most likely elevate the volatility; so I may even wait until tomorrow to enter. A trading friend of mine sent me this quote very appropriate for todayâ€™s market: â€œInfinite Patience Yields Immediate Results.â€ I have this posted on my monitor as a constant reminder that there is no hurry to be impatient just to enter a position.
I will post an update when appropriate.
As always, trade carefully and stay keen on your risk management,