SPX November 2 Put Credit Spread closed for target.
This morning's open put our SPX Put Credit Spread in the target zone; the closing order for .15 to close the spread filled at approximately noon est. SPX was trading at 1764 when my order executed.
Our gain on this position was $60 before commissions, or 6.5% of the margin/risk.
The next trade entry will be not be until Friday of this week. The monthly Non Farms Payroll report is being released before the open that day; and that can quite often be a market-moving event. If this trend continues, the weekly trade for the November 3 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,