We are heading into a shortened trading week and I think opening a new credit spread will work great. We have a little retreat this morning which is increasing volatility so we will collect larger credit, then we will have holiday on Wednesday (short trading day) and Thursday (markets will be closed), and the markets will reopen on Friday.
Order Summary
Sell to Open 1 SPX 01/02/2026 Put 6800
Buy to Open 1 SPX 01/02/2026 Put 6790
Limit GTC @ 0.60 Credit
As usually, we will let this trade expire worthless unless we need to roll it or otherwise adjust.
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