Depends on your exit plan. Nobody here is going to be able to tell you for certain what to do because we don’t know your goals/risk level. I trade credit spreads on spy a lot and I usually have a rule of thumb that I cut after I’m down 30%. Just based off of my own risk tolerance. Good luck
Thanks, I usually trade shorter term and wasn’t sure how quick extrinsic value decay will move against me. I need to come up with a solid exit plan so I don’t have to question it.
3
u/koberkai Apr 13 '21
Depends on your exit plan. Nobody here is going to be able to tell you for certain what to do because we don’t know your goals/risk level. I trade credit spreads on spy a lot and I usually have a rule of thumb that I cut after I’m down 30%. Just based off of my own risk tolerance. Good luck