SPX February Put Credit Spread closed for target.

The combination of a drop in volatility and a price move in the right direction put this week’s credit spread in the “sweet spot”. At approximately 1:00 pm, my closing order for .20 executed. This represented a gain of $65, or 7.1% of the risk.

It’s always a comforting feeling to take a trade off for a gain before a weekend, especially a long weekend.

The next weekly trade entry date will be next Thursday, as long as market conditions cooperate.

Enjoy the long weekend!

Dot Hazlin