REDDIT
SYSTERIX - YOLO risk $250k for $23k gain SPX Put Credit Spread (6650p / 6550p PCS due Mar 6, 2026)
↗ https://reddit.com/r/wallstreetbets/comments/1rfvhcy/systerix_yolo_risk_250k_for_23k_gain_spx_put/
Position - 6650p / 6550p PCS due 3/6
NVDA tanked the market today (Thursday) post earnings but my models show me support levels are still very strong at 6700 and the 6646 area.
Have sold a put credit spread for 9.5 net credit (sold 25 contracts of 6650p and bought 25 of 6550p) - basically I'm risking $250k to make $23.7k if SPX remains above 6650 by the end of next week (Mar 27).
Will this be my chance to buy a second rolex? WISH ME LUCK!
**UPDATED POSITION (Mar 6):**
\[Will post updated screenshot once the week ends\]