Approaching SPX Credit Spreads

Trading SPX credit spreads, especially on the same day of expiration, requires a particular mindset and strategy. One approach includes selling put credit spreads when the market goes down, viewing them as stock market insurance. The emphasis is on time decay rather than implied volatility, aiming to initiate trades with approximately 60 to 65 days until expiration, targeting a 50% profit within around 30 days. This approach, which prioritizes timing and technical analysis, allows traders to best manage their risk and potential profit.