Coval Condor

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For many, the selloff can be dramatic but the large down days can be a blessing for those looking for some cash flow. The implied volatility of the put options has increased 4 fold so take a look at the Nov 5th $2,490 / $2,480 put spread trading for $0.50 in the spread.

If this is new to you then it may be best to sit out for a while until the selling stops.

As long as we hold above $1,915 this week on the SPX we should see some buyers come back into the market and pick up a few of the oversold positions. A close under $1,915 means we will likely be headed for new lows.

Very Nice! the profits just keep rolling in...

Thank you www.COVALCONDOR.com for another great trade! Off to play now...