### Comment:
How far otm you do with credit spreads?

### REPLY:
2-3 strikes out on 1 day expiration on $SPY. Try to play on that major Theta crush and sell at open on expiration day. I only do this if $SPY has rallied on that day. Quick cash because few “good news” happens overnight to move the American markets that much. I avoid days where major economic data  is to be announced etc .

### END.