SPX Spread Trader 10/18/2019

Open SPX Vertical Credit Spread
Sell to Open .SPXW191018c3000 (SPX Weekly Option: call, Strike: 3000 Expiration: 10/18/19)
Buy to Open .SPXW191018c3005 (SPX Weekly Option: call, Strike: 3005 Expiration: 10/18/19)
For a minimum credit of 0.95

Trading Guidelines
We normally wait until 9:35 am EST before entering the credit spread. Our goal is to get the maximum credit possible, we often get a much higher credit than our limit price. Depending upon market conditions, we may delay entry seeking a better price or enter early. If we are unable to enter the trade at the minimum credit desired before 10:30 am EST, we cancel the order and there is no trade for today. Once we’ve entered the trade, we normally wait till after the close and let our position settle out for cash. Some may want to exit their position early due to market conditions. Please note that depending upon market conditions, we may exit our positions before the close. Please watch the market during the day and consider exiting early if the market has broken key levels per our SPX Daily Outlook and then turns to take out the daily level. In such instances we will normally be exiting our position early. A trader should be ready to exit the spread early under such conditions.