April SPX Credit Put spread

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As per the rules, it is a short term oversold environment:<br />
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<a href="https://1.bp.blogspot.com/-jjX4n1gSLqI/XlVPgal11sI/AAAAAAAAGv0/frKsTIibaKMwYvwZOhvvN1tJwnFHHfQ8wCEwYBhgL/s1600/RUT-Sell-off.PNG" imageanchor="1"><img border="0" data-original-height="872" data-original-width="1261" height="442" src="https://1.bp.blogspot.com/-jjX4n1gSLqI/XlVPgal11sI/AAAAAAAAGv0/frKsTIibaKMwYvwZOhvvN1tJwnFHHfQ8wCEwYBhgL/s640/RUT-Sell-off.PNG" width="640" /></a></div>
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<b>Trade Details:</b><br />
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4 April 2770/2780 Credit Put spread @0.65 credit<br />
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Total credit: $260<br />
Max Risk: $3,740<br />
Days to expiration: 52<br />
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<b>TRADE UPDATE – March 9, 2020</b><br />
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Adjusted the Credit Put spread downwards<br />
<b>Closed 4 April 2770/2780 Credit Put spread @3.10 debit</b><br />
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The Loss is 2.45 per = $980<br />
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Opened new Credit Put spread <br />
&nbsp;<b>4 April 2250/2240 Credit Put spread @0.85 credit</b><br />
Total credit $360 <br />
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<b>TRADE UPDATE – April 17, 2020</b><br />
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<b><b>4 April 2250/2240 Credit Put spread expires</b></b><br />
Profit $360<br />
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Combining the earlier loss of $980 with this win of $360 we have a net<b><b> <span>-$620</span>&nbsp;</b> </b><br />
This represents a <b><span>-16.6%</span> </b>return on Risk<b> </b><br />
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