After the large sell off overnight I wanted to share my most recent option play with you. Options have become my bread and butter plays as of late, I just need to share more plays here which I plan on doing more in the future. This morning at about 11:30 am I got a fill on my SPY Put Credit Spread (PCS) where I sold the Oct 2nd 192.50/191.5 strikes for .22 cents expiring in 14 days(Punch #1). Over a 1% ROI on my money over the 14 days. And as you look at my chart, this trade looks to be pretty safe as well, as I wait for a retest of the 196.00 area where I'll look to get Long with long Call directional (Punch #2) for my potential 123 punch play...
