VIX6 – SPX Trade #6

Market Context
Good day Insiders,

This market has done nothing but go straight up 100 SPX points since last Friday’s low of 2722. At the time of this update, the SPX is trading at 2821 a few points off the day’s highs. I may be wrong here given the strength of this bull market, but I am leaning toward taking advantage of this market taking a bit of a breather before continuing its uptrend. Will we break below 2800? As of right now, price action shows there is a high unlikelihood of that breach happening. Logic just dictates that nothing can just keep going up without a break.
The Trade
We will be selling the 2860-2870 call spread in looking to take advantage of collecting weekend time decay and the market potentially taking a breather.

Risk & Reward
Our trade will use $8,750 in margin, and in all honesty, I am not looking to collect the entire credit here just a bit of premium in time value.