Hybrid DTE

SPX IVR > 50 45 DTE Put5 Delta50% MPExit 21 DTE2x Stop (option price hits 3x credit) SPX IVR < 50 2-3 DTE Put5 Delta2x Stop (option price hits 3x credit) Entry time is EOD (depending on your broker, SPX options can be traded up to 4:15 PM ET)

SPX Delta 5 Study

STUDY CLOSED – Winner Winner Chicken Dinner This is a study trading SPX Put or Call Vertical Spread with the short leg at delta 5 and the long leg 50 points further out as outlined in this strategy.