Markets have spiked higher on economic data out at 10am pointing to cooling consumer sentiment.

"US consumer sentiment fell in February for the first time in three months as current and expected views of the economy deteriorated. The sentiment index declined to 76.9 from 79 in January, according to the final February reading from the University of Michigan. The figure was lower than all estimates in a Bloomberg survey of economists." - Bloomberg

If the SPY hits $511 then close our SPY credit call spread that expires today. The SPY is currently trading at about $510, and our option trade is currently at about $0.45; we want it to go to $0. We are not going to risk a full loss in this trade, if the SPY hits $511 then just close it. Otherwise let it run into the close. 

The market likes this weak economic data. Yields have pulled back with the 10-Year hitting 4.2%, down from almost 4.3% at just prior to 10am this morning. The Dollar is falling, and Gold is spiking higher. 

We will look for the SPY to stay below the $511 price point or we close our trade.

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