Credit Spread Close and March Trading Assessment

The S&P 500 is off about 2 points. We have about a 70 point cushion for our short put option. There is better than a 95% probability that our bull put spread will expire worthless.

With just 10 days left until expiration, theta is really biting into the value of our credit spread. Our plan is to close the position before expiration. While we wait for our price, we can start looking at the March option chain and begin planning our credit spread trading for the next month.

Christopher Smith
TheOptionClub.com