SPX 0dte Income Trading - March 23’22 4520/4525 Bear Call Spread
💡 March 23’22 4520/4525 Bear Call Spread
$85 Premium Received (per contract)
83% Probability of Profit (at entry)
11:06 AM Time of Entry
Currently trading at the Gamma Inversion level of 4490 and the 200MA.
SPX moved down 1% post/pre market after a massive squeeze higher over the past 6 trading sessions. So far we’ve bounced but with little enthusiasm. Expecting a bear flag formation and another leg lower, 4500 and the 20 MA on the 1hour will be resistance ahead.
If we trade above gamma inversion we may grind higher but I’m not expecting the market to take out the previous sessions high today.
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
$85 Premium Received (per contract)
83% Probability of Profit (at entry)
11:06 AM Time of Entry
Currently trading at the Gamma Inversion level of 4490 and the 200MA.
SPX moved down 1% post/pre market after a massive squeeze higher over the past 6 trading sessions. So far we’ve bounced but with little enthusiasm. Expecting a bear flag formation and another leg lower, 4500 and the 20 MA on the 1hour will be resistance ahead.
If we trade above gamma inversion we may grind higher but I’m not expecting the market to take out the previous sessions high today.
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
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