SPDR S&P 500 ETF TRUSTEducation
Use the SMA crossover as the trigger for direction change.
Use this with SPY or SPX to identify direction. When the RSI crosses below the SMA you would initiate a buy Put option or initiate a Bear Call Credit Spread. If RSI Crosses above the SMA you would initiate a buy Call option or initiate a Bull Put Credit Spread. This is not financial advice it is what I do!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.