Get started
zzMOTTS

Selling 5 Delta Spreads!

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
zzMOTTS  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) spylong ETF creditspread spreadtrading highprobability lowrisk
0
0
trendanalysis chartpattern indicator spy spylong etf creditspread spreadtrading highprobability lowrisk
Hello guys, hope all is well. Today I got into a SPY $411 / $408 spread expiring 06/04 /21. This put credit spread has a 5 delta which gives it a 95% chance of it being OTM by expiration rendering it worthless. I was able t to get $9 of credit for each spread which would give me a 3.09% ROI for the week.
Hope you have a great day
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.