Credit Spread Google Play
Corrections across all indices has presented many lucrative opportunities.
Google had a healthy correction in mid-August that brought it's price to the notable 50 - 61.8 % pullback zone, solidifying a short-term bottom for the time being.
Coupled with the fact that volatility ranks are in their upper echelon levels, selling options is ideal. If we experience another correction, I'll be sure to be buffered by utilizing a delta-neutral portfolio.
With a breakeven around 593.xx
Over the next 2-3 weeks, I should experience enough time decay to have the trade reach 60-80% max ROI assuming the SPY stands pat or rallies.
Google had a healthy correction in mid-August that brought it's price to the notable 50 - 61.8 % pullback zone, solidifying a short-term bottom for the time being.
Coupled with the fact that volatility ranks are in their upper echelon levels, selling options is ideal. If we experience another correction, I'll be sure to be buffered by utilizing a delta-neutral portfolio.
With a breakeven around 593.xx
Over the next 2-3 weeks, I should experience enough time decay to have the trade reach 60-80% max ROI assuming the SPY stands pat or rallies.
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