SPX

SPX is a lot stronger than Nasdaq. The bull tried very hard today to push it to the positive territory. Once it is positive for the year, those trend following funds will enter the market and hopefully will drive the market higher. This is the intention of the push today. Will they succeed? I don't know. I trade what i see.

I sold 2 contracts of SPX May 800 put at $0.85. Total credit = $170.

Total debit to the current SPX position = $9730 - $170 = $9560.