in debit spread we can reduce the loss...like in this case... 5500pe/5600pe debit spread..if we see mkt going on other side... let it be..
simply sell.. 5400 pe... otms...reverse for calls.
Ex today we entered put with 29 debit spread..if nf move up from support..level means above 5650.. simply sell 5400 pe..and hold on the trade.. and get 10 points on every whipshaw. if mkt range bound you may get .. 40-50 points in a week. without fear of loss.