Short Put Verticals

Back for another week of running Short Put Verticals aka Bull Put Credit Spreads. After a brutal first week of March, I was able to recover somewhat moving back into the green for the month. I have been basically day trading these spreads closing at 20% profit due to the market instability. All 61 spreads were closed with none rolled. Here are my rules for trading credit spreads: * **All SVP's will be opened 35 to 49 DTE** * **Short put strike chosen at .20 delta or lower** * **Long put chosen to achieve a net delta of .07** * ***All the following criteria must be met prior to opening trade*** * **Analysis of spread's Max Profit must show 80% or more probability for Maximum Profit** * **Analysis of spread's Break Even must show 80%or more probability for Any Profit** * **Analysis of Max Loss must show 10% or less Probability for Maximum Loss** * **ROI for premium collected (premium divided by collateral required for spread) must be 10% or more** Below is totals of tickers from this week: |Ticker|Profit +/-| |:-|:-| || |MU|$1,501| |SNDK|$792| |TSM|$317| |NVDA|$232| |AMZN|$211| |GOOGL|$171| |IWM|$136| |META|$80| |GLD|$58| |BE|$52| |SLV|$42| |ADBE|$42| |DIA|$41| |QQQ|$41| |USO|$36| |CRCL|$30| |RKLB|$28| |SMH|$25| |AAOI|$24| |AAPL|$19| |MULL|($225)| |Totals|$3,652| ||