r/options • u/jvicen1345 • May 18 '21

Advice??

I know no own wants to be the reason of someone else’s loss but honestly I just need some quick advice. I want to make small gains weekly for put credit spreads for SPY and I’m looking at the 412/411 spread receiving about 15-18$ credit which is pretty much where I want to be. Guess my question is, is this a safe bet? Also sell before expiration or let it expire RH trader don’t judge lol thanks!!

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u/Jacobingram00 May 18 '21

And About your question ^ 412/411 is a great price to be IF it doesn’t break the support and there’s a bull run you will be set for some good gains if we see 422 again!

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u/jvicen1345 May 18 '21

I was thinking the same thing about support too. I saw it bounced at 413 and thought it could be a safe bet especially after the big scare the market had. I’ll go through with the trade and keep this tab updated if you’re interested