So based on the delta today, it seems like upside potential is the possibility so i opened a put credit spread position on 6915/6910 for $0.50 near a bit above VWAP at the open. It was a bit risky but from the data and plus the 9/20 emas lining up, it seemed that upside would hit first on the short term. I’m planning on closing everything at $0.10 If it can reach it in the first hour or two.
Update: Markets went down but stopped at the Standard Deviation 1 from the VWAP. I would have opened a call credit spread if it continued down further. But good thing it climbed back up. My AMAT Put Credit Spread Also finally closed at $0.20 which is a good 80% profit. I plan to hold for another hour if it just sits around this area. However if it closes below the Standard Deviation I might close for a loss today or breakeven.
Update: It is 8:45 AM PST. I was able to close both positions at $0.10. Definitely had the feeling they could have expired worthless, but it’s always better to take profit incase some news happens during the day. All in All today was a green day ^.^