SPX May Put Credit Spread closing order filled.
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 10:30 am. SPX was trading at 1893.52 when my order executed.
Our gain on this position was $70 before commissions, or 7.7% of the margin/risk.
The next weekly trade entry will be either Thursday or Friday of this week. If this trend continues, the weekly trade for the May 4 cycle will most likely be another put credit spread. Details on trade entry will be posted then.
For those of you trading or following the SPY monthly Iron Condor, I am not recommending an entry today. I will see how things settle after today's huge move before entering a new monthly position.
Stay keen on your risk management and trade carefully,