With the moved down in the last couple of days and RVX (Russell Index) almost at the year lows a Put calendar seems like a pretty safe bet. I will be buying the Nov 1230 Put and selling the Oct 1230 Put. Looking to close it early as soon as we get a spike.
Trade closed: target reached: Closed position, target of 10% of credit reached. Will reload the same trade again since I like having calendars on RUT an SPX when VIX is below 15