4min chapter

Stock Market Options Trading cover image

Trading SPX Credit Spreads in a Range Bound Market

Stock Market Options Trading

CHAPTER

The Bearish Development in the Options Market

The market pulled back a little bit today, but we're still sitting at 41.30. And I was able to sell the 41.75 41.80 call spread for $1.50. That's kind of my sweet spot. The idea is if the market does rally back up, then I can get a better credit and your net credit becomes a little bit better. But in this case on Friday last week, the call wall had shifted down from 4,200 to 4,150.

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