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With the volatility once again in a lower range I like the success possibilities of an SPX weekly calendar today. I am looking at the trade below:

Sell 1 SPX June 2nd 2395 put
Buy 1 SPX Jun 16 2395 put
Debit for spread is approx. $9.00 with SPX trading at 2395
Total cost per spread at this level would be $900 plus commissions. Looking to close trade at a 10% gain or 10% loss. If you get filled at $9.00 immediately place good to cancel order to sell at a profit at $10.00. Close trade at a loss if you are down $100 on the spread.

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