Based on the Data, I should have sold puts, however net drift was showing that alot puts were being bought. I opened a call credit spread at 6760/6765 for $0.50 and $0.60. I’ll look to close for 50% or more depending on the situation as im betting basically on a reversal based on the data.
Update: As I was writing the beginning of the post, price did reverse down. It went below VWAP on the SPX Chart. I’m now looking to close everything at $0.10 unless price goes back and closes above the upper SD1 level on SPX Chart (Orange Dotted Line 6716.53). If it goes back up there, I’ll look to close for 50% but if it stays below there it will be $0.10
Update: (8:42 AM PST) So trump is speaking in a few minutes, I closed one position at $0.20 and left the other one to either close at $0.10 or breakeven since net drift is saying downside is a possibility still.
Update: (9:23 AM PST) Price Dropped as Trump talked a load nothing. I was able to close my position for $0.05