Per the prof. these are the points for trading SPX BuPS 100 points difference

Trade 4 weeks out
Sell BuPS on the SPX
The short put is around a delta 12
The long put is around a delta 5
Usually time trades with a 5 minute ES chart and PP’s (pivot points)
It is a known fact that the ES on normal days, moves up or down 2 PP’s
On the low, enter a trade
At the high, exit trades
Usually exit the short sides on 60-80% profit
If you have the margin, you can roll the short to the next Delta-12 in the same week
If not, exit the short for your profit
you can either sell the long back or let it expire
Then trade the next 4 week BuPS
Repeat the same strategy
Usually the BuPS can be exited within 2-3 weeks
Maximum loss SHOULD be $500