0d exp bearish credit spread on $SPY

Very high risk (0d exp) bearish credit spread on SPY. With SPY pushing a new LoD, I like the probability of a red, or extremely red close.

Entry 290.76
Break even 290.79
Max profit 290.5
0.76:1 risk/reward
Bearish PatternsBeyond Technical AnalysisChart PatternscreditDIAmarketoptionstrategyshortspreadS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer