I entered this long position earlier around 7:30am when SPY was at its lowest of the day, but it didn't get filled.
However it has hovered above that price and now broke that low and filled my position.
Originally I was going to wait for 204, but I decided I wanted to make sure I took advantage of the high volatility at 17.
So I added a long position
sold a 57 DTE Oct put spread 196/191 for .87
This one I tried to go as far out as possible because SPY does fall faster than it goes up.
And SPY has been falling the last few days.
However it has hovered above that price and now broke that low and filled my position.
Originally I was going to wait for 204, but I decided I wanted to make sure I took advantage of the high volatility at 17.
So I added a long position
sold a 57 DTE Oct put spread 196/191 for .87
This one I tried to go as far out as possible because SPY does fall faster than it goes up.
And SPY has been falling the last few days.
