SPX 0dte Income Trading - Bear Call Spreads
SPX 0dte Income Trading
💡 May 6’22 4175/4180 Bear Call Spread
In $85, Out $35
Re-entered on the call side
💡 May 6’22 4160/4165 Bear Call Spread
In $85, Profit Target 50%, 2x Stop
Expecting move down to 4050, if that gives way 4000 major support (high open interest)
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.
âś… Weekly Cash Flow
âś… High Probability of Profit
âś… No Overnight Risk
💡 May 6’22 4175/4180 Bear Call Spread
In $85, Out $35
Re-entered on the call side
💡 May 6’22 4160/4165 Bear Call Spread
In $85, Profit Target 50%, 2x Stop
Expecting move down to 4050, if that gives way 4000 major support (high open interest)
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.
âś… Weekly Cash Flow
âś… High Probability of Profit
âś… No Overnight Risk
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