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SPDR S&P 500 ETF TRUST

Selling 5 Delta Spreads!

By zzMOTTS
Hello guys, hope all is well. Today I got into a SPY $411 / $408 spread expiring 06/04 /21. This put credit spread has a 5 delta which gives it a 95% chance of it being OTM by expiration rendering it worthless. I was able t to get $9 of credit for each spread which would give me a 3.09% ROI for the week.
Hope you have a great day
Chart PatternscreditspreadETFhighprobabilityTechnical IndicatorslowriskspreadtradingSPDR S&P 500 ETF (SPY) spylongTrend Analysis
zzMOTTS

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