Bull Put Credit spread time? Maybe.

٢٩ يونيو ٢٠١٥

Normally I watch my support and resistance lines and sometimes use the linear regression lines to gauge where I'm at in the channel. And this is where I would sell a Bull Put credit spread somewhere down around the 195-197 area to give me an Iron Condor against the Bull Call spreads I sold up at 219 and 220. However with the price going through a support line and a long drop to the next support, I may just sit on the sideline today unless I see a sudden reversal.