Based on the open and the weak deltas, I sold 2 Call Credit Spreads for $0.65 at 6850/6855. Price for both US500 and SPX were right under VWAP (Blue Line for both). I Added a Stop loss at a close above today’s high. Looking to Close for $0.10. Will update if I end up closing for a loss or a profit. My thesis is to follow the trend using VWAP. If both US500 and SPX is showing price is under VWAP, it would be smart to sell calls. If price is above VWAP for both indexes, its probably smart to sell puts. If its split, I would us the VWAP on US500 as a main direction however, SPX would be used as a reversal area. If it remains split, I would aim to sell for 50% .If both are signaling the same way ill wait for $0.10 or less to close.
I closed everything at 50%. Price went back to VWAP on US500. I sold Put Credit Spreads, 6760/6755 for $0.60.
Update: I also closed these at close to 50%. They closed at $0.40.