So this Ticker showed up on my screener. IV was over 30% and the strike I chose was at least $1.00 in credit and was also below the 50 EMA. The Score on the indicator was 87 when I got in. It is currently up 10% as of posting this trade a few days later.
TRADE LOG:
Ticker: CAT
DTE: 35
Spread Type: Put Credit Spread
Short Strike: 245
Long Strike: 240
Credit Received: $1.20
Target Exit Price: $0.60
Result: Position is still OPEN
Update: This position closed today one hour before market closed at 12PM PST for $0.20. Basically earned $100 in total and closed close to 85%
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