SPX February 4 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 9:45 am. SPX was trading at 1850.09 when my order executed.
Our gain on this position was $60 before commissions, or 6.5% of the margin/risk.
The next weekly trade entry will be not be until Friday of this week. The monthly GDP report is being released before the open that day; and that can sometimes be a market-moving event. If this trend continues, the weekly trade for next week's 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,