SPX 0dte Income Trading - March 7’22 4225/4220 Bull Put Spread
Updated
SPX 0dte Income Trading - March 7’22 4225/4220 Bull Put Spread
💡 March 7’22 4225/4220 Bull Put Spread
$105 Premium Received (per contract)
81% Probability of Profit (at entry)
10:59 AM Time of Entry
5min Trendline break, looking for retrace of premarket low and previous sessions low. Break above 4300 will have dealers chasing deltas higher creating a potential squeeze scenario.
Note: This is a counter trend trade. However, we have written below 4350 which should act as significant support.
WHAT IS 0DTE TRADING?
0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all.
✅ Consistent Cash Flow
✅ High Probability of Profit
✅ No Overnight Risk
💡 March 7’22 4225/4220 Bull Put Spread
$105 Premium Received (per contract)
81% Probability of Profit (at entry)
10:59 AM Time of Entry
5min Trendline break, looking for retrace of premarket low and previous sessions low. Break above 4300 will have dealers chasing deltas higher creating a potential squeeze scenario.
Note: This is a counter trend trade. However, we have written below 4350 which should act as significant support.
WHAT IS 0DTE TRADING?
0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Since most options expire worthless we take advantage of this by selling credit spreads to collect premium. Our option trading strategy allows us to profit if the market moves up, down or doesn't move at all.
✅ Consistent Cash Flow
✅ High Probability of Profit
✅ No Overnight Risk
Note
Stopped out 2.5x premium, exit 310, loss $1804180/4190 4240/4250 Iron Condor for 140 entry @ 3:41PM , exit 0, expired worthless.
Net loss $40
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.