Entry plan for SPX Weekly Credit spread for March cycle.
As of this writing, futures are trading up from the close yesterday; currently +5.50. I do plan to enter a weekly credit spread for the March cycle sometime today, but will wait until the market settles. Retail Sales and Jobless Claims are being released at 8:30 est so that could create a bit of volatility for the open. This week's entry is for the March monthly cycle; the option code is SPX140322.
Once again I will look for a conservative entry, and will sell a spread with the short put delta of -.15 or less for the minimum credit of $.75.
Trade entry details will be posted later today.
As always, stay keen on your risk management and trade carefully,