7 DTE Call Spread aggressive 17 delta, 32% gain on cap investedThis is a very aggressive Call Spread, the Premium is 32% gain on cap invested. Will close this trade early to take risk off the table.
The Call side legs: -5915 +5920.
The Trump Crypto Summit is today at 1:30 EST. Expecting a sell the news event in Crypto, potentially more trade war / tariffs news will also continue to drag down the SPX which defs looks like it has locally topped out for now.
Again looking to close this trade early next week.