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SPY bull put spread

AMEX:SPY   SPDR S&P 500
Derrick W was asking about an iron condor. There is REALLY good premium in a condor for May (especially the 241/242 May call side) which has be believe that this is the bottom of the wave rotation and SPY bounces higher as of today and makes new ATH in May. Could be wrong, but that's what the option prem says to me. So, I'll go WITH the trend for right now, until we can get some more bear volume .

OR, just go further out with less time. May wk 1 243/244 bcs to complete this condor.
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@TonTron, YEP! This is a pretty old chart though.. ;-) I mean, analysis was amazing, but today's gap on the SPY = VERY BULLISh
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