So today I wanted to try my strategy I used yesterday. I marked high and low from 5:30-6:30. Price broke the premarket high and I sold 2 Put Credit Spreads at 6940/6945 Puts for $0.50. However when price dropped and almost broke the premarket low. I closed one position for $0.80 and took a $0.30 loss and repositioned my put credit spread to a 10 wide spread at 6935/6925 for $1.15. Looking to close these at $0.10 If possible.
So price decided to drop and I closed everything to secure my profits. I don’t think my strikes would have been in danger, However I’d rather take profits. I closed the 10 wide for $0.30 and the 5 wide for $0.20. Basically Secured at least 50% on everything or in short the 5 wides canceled each other out while I made money for the 10 wide.