Trade Details:
3 March SPX 2985/2975 Credit Put spread @0.70 credit each
1 March SPX 3450/3460 Credit Call spread @1.20 credit
I went with a 3x1 ratio instead of the usual 4x1. Totally at my discretion. I feel it is not the right time to be overly exposed on the downside.
Net Credit: $330
Max Risk: $2,670
56 days to Exp.
3 March SPX 2985/2975 Credit Put spread @0.70 credit each
1 March SPX 3450/3460 Credit Call spread @1.20 credit
I went with a 3x1 ratio instead of the usual 4x1. Totally at my discretion. I feel it is not the right time to be overly exposed on the downside.
Net Credit: $330
Max Risk: $2,670
56 days to Exp.