#SPXcampaign Well, we knew downside was bound to come… just maybe not all in one day. I put on a couple of aggressive Nov 13th put spreads in recent days to take advantage of non-stop upside. Got stopped out of 2050 spread already, now

Bought to Close $SPX Nov 13th 2040/2015 put spreads for 2.95. $3 stop was hit; waited for bounce to get out cheaper. Will wait before rolling this one.

After this, I have a fair amount of room before other put spreads are threatened.

Current signal levels for a downside warning to take effect are $VIX 17.91 (1-2 day 25% increase), and 19.20 (50% up from swing low). The 17.91 is from Friday’s low, so will be in effect until end of Tuesday.