NovWk3

Trade:
Sell: SPY NovWk3 PS 133/134 $0.05
Status: Filled on 15 Nov 1:24am SG
Expiry: 16 Nov
Contracts: 5
ROI: TBC

Analysis:

SPY looks like it is going downwards after an iffy opening. I kind of eye-balled the market a little, and time just flew by so quickly. And just as I was going to off the computer and go to bed, the SPY dips and I thought that this might be a good chance to sell some put spreads to catch the premium.

It's quite unlikely that I am going to find a better premium than this for this week since it is technically a sideways trading week. Interestingly, the trade got filled. :) And as they say, panic time.

It's still a risk, but I think it should pay off. Let's see how the market reacts tomorrow. I will be monitoring the premiums closely over the next two days.