great freaking day today. 8% on a nice SPX put credit spread at 3,775. got in after a few hours after SPX was down 76 points. figured i'd throw in a PCS at a low delta (0.10) as i felt a bit bullish (if it went down further, the world is gonna have bigger problems). ideally, i wanted to do a CCS at 3850, which felt way safer but only 2-3%.
my short leg's delta went up a bit to 0.12 which made me a bit nervous, but it went back to down 0.07 and then decayed out to 0.001~. let them expire worthless 💪
edit: btw, if anyone is doing SPX options, i have this page bookmarked
https://www.cboe.com/index_settlement_values/weeklys_settlement_values/ and they post the official settlement values there
This post was edited by ChocolateCoveredGummyBears on Jan 3 2023 03:22pm