S&P500 ETF (SPY) trade - Update #2 And Merry Xmas!!!

Merry Christmas everyone! As today is also US holiday , for those who have credit spread, you should be glad as time decay is on your side!

SPY Bull Put Credit Spread trade is doing good and we can consider to close the position next week to capture 50-60% of the premium collected.

Explanation: We initiated the position to collect $100 per options contract, we can close the position by buying back the spread at around $40-$50 per options contract as this can:-
#1 avoid a profitable trade to become a losing trade &
#2 free up the margin for better trades.

We can also choose to keep this trade until expiry date. Cheers!