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XSP Bull Put Credit Spread Failing Last Two Weeks
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Author reports consecutive losses on XSP Bull Put Credit Spreads over the last two weeks as the index dropped, triggering early exits.
Bear points
- Recent market drops have triggered early exit signals for Bull Put Credit Spreads, causing consecutive losses.
- The index falling below the 729 level shows short-term downward pressure affecting neutral/bullish strategies.
Post body
I enter into Bull Put Credit Spreads using XSP. Last Friday, my early exit signal fired, and I exited with a $30.26 loss. I entered yesterday, and a few minutes ago, my early exit signal fired, and I exited with a $163.68 loss. These last two weeks have been a bit brutal trading these BPCS. Anyone else having a similar experience? My early exit signal gets fired when I am 2 points above my Short Put. My short put yesterday was 727, and my long put was 722. So when the price hit or dropped below 729, I immediately logged into my Fidelity account and closed the strategy.
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