Option Strategies: .SPX& TSM
Hello everyone! Today i want to share some option strategies with you!
1.
Love it when we can let a $S&P 500(.SPX)$ credit spread trade expire worthless!
Sold this July 17 exp 5545/5535 put spread when SPX was trading just over -1% earlier this morning around 5600. 5545 short strike was another 1%(ish) move lower. Statistically lower probability that SPX has a -2% day (it could happen, but the probability is low and there wasn't much market news to justify a reason to push it down that low today).
2.
Was gonna take a pre-earnings trade on $Taiwan Semiconductor Manufacturing(TSM)$ , but might just sit this one out and look for a post-earnings play.
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