That Trade Did Great

Posted by Joe Duffy | Mar 11, 2026 | Joe Duffy's Trading Advantage | 0 |

Last week I posted a specific credit spread trade idea for the SPY. The basis of the trade was two fold (i) Option time values were historically at the higher end, and (ii) I didn’t see upside resolution. That spread is currently in about 45% profit. It will be in greater than 100% profit if the SPY closes below 680 on Friday Mar 13. So if you are in the trade those are your management parameters.

I do believe that option values are still very high, and that the solution for that may be a decrease in volatility. We are still — incredibly — in the same range as October 2025. A few more days won’t be surprising.

Thanks,

Joe

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Joe Duffy

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