SPX 0dte Income Trading - May 13’22 4960/3965 4070/4075 Iron Condor Equities squeezed higher this morning, PPC, VIX and Most shorted stocks supportive for higher prices. Short covering should keep a bid under the market today and this grinding action may persist for most of the day with possible EOD melt up. 5M and 15M overbought, could see a pullback shortly,...
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...
SPX 0dte Income Trading - April 25’22 4285/4290 Bear Call Spread 💡 April 25’22 4285/4290 Bear Call Spread $85 Premium Received (per contract) 86% Probability of Profit (at entry) 9:46 AM Time of Entry 15M ORB Trade 50% Profit Target, 2x Stop WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The...
💡 April 6’22 4425/4420 Bull Put Spread $80 Premium Received (per contract) 86% Probability of Profit (at entry) 10:15 AM Time of Entry This is a counter trend trade, wrote below the demand zone of 4465-4445, there sits the 50 DMA, 20 DMA, 50 WMA, and the 4450 negative gamma strike. VIX 24.6, Implied move of 1.54%, any relief rally should see some crush in the...
💡 March 28’22 4570/4575 Bear Call Spread $85 Premium Received (per contract) 83% Probability of Profit (at entry) 10:15 AM Time of Entry The market continues to chop around battling for direction. SPX is in a short term rising wedge formation which typically resolves to the downside, 4550 is a strong resistance and I expect it to hold today. However, if it does...
💡 March 23’22 4450/4445 Bull Put Spread $55 Premium Received (per contract) 3:17 PM Time of Entry End of day counter trend trade Could move down but theta will outpace delta 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...
💡 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....
💡 March 21’22 4510/4515 Bear Call Spread $90 Premium Received (per contract) 80% Probability of Profit (at entry) 9:48 AM Time of Entry Double top, hard rejection of the 200MA on an initial squeeze higher from the “Most Shorted Stocks”. It was short lived. Internals turned down with the VIX breaking trendline upwards. Time for a pullback after a magnificent...
SPX 0dte Income Trading - March 18’22 4140/4145 Bear Call Spread 💡 March 16’2022 March 18’22 4140/4145 Bear Call Spread $85 Premium Received (per contract) 80% Probability of Profit (at entry) 9:47 AM Time of Entry Roughly 1/3 of the total S&P/QQQ options position expiring today. For both the SPX & SPY the 440/4400 strike is dominant, and we'll look for pinning...
SPX 0dte Income Trading - March 14’22 4140/4135 Bull Put Spread 💡 March 14’22 4140/4135 Bull Put Spread $85 Premium Received (per contract) 84% Probability of Profit (at entry) 1:59 PM Time of Entry *Counter trend trade WHAT IS 0DTE TRADING? 0dte or zero days to expiration refer to the last trading day for an option contract. The Chicago Board Options...
SPX 0dte Income Trading - March 14’22 4270/4275 Bear Call Spread 💡 March 14’22 4270/4275 Bear Call Spread $90 Premium Received (per contract) 89% Probability of Profit (at entry) 9:31 AM Time of Entry Opening trade on a bear flag formation, finding support at 20 MA on the 1hour, MA sloping down, break of 4200 confirmation. WHAT IS 0DTE TRADING? 0dte or zero...
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...
SPX 0dte Income Trading - March 4’22 4355/4360 Bear Call Spread 💡 March 4’22 4355/4360 Bear Call Spread $90 Premium Received (per contract) 84% Probability of Profit (at entry) 1:37 PM Time of Entry 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...
SPX 0dte Income Trading - March 2’22 4410/4415 Bear Call Spread 💡 March 2’22 4410/4415 Bear Call Spread $105 Premium Received (per contract) 79% Probability of Profit (at entry) 11:40 AM Time of Entry Technical signals all over the place as Powell continues his Testimony to the House Financial Services Committee. SPX at the previous session high after grinding...
SPX 0dte Income Trading - Feb 23’22 4235/4230 Bull Put Spread 💡 Feb 23’22 4235/4230 Bull Put Spread $75 Premium Received (per contract) 80% Probability of Profit (at entry) 11:21 AM Time of Entry Stop 2.5x Premium Short strike is below the heavy put strike of 4250 (-48M Gamma Notional) and the previous sessions low. Expecting a range bound within the high and...
SPX 0dte Income Trading - Feb 22’22 4285/4280 Bull Put Spread 💡 Feb 22’22 4285/4280 Bull Put Spread $100 Premium Received (per contract) 80% Probability of Profit (at entry) 11:22 AM Time of Entry Short strike is below the put wall of 4300 (-63M Gamma Notional) also below the S2 Pivot Point, price typically does not exceed that pivot. WHAT IS 0DTE TRADING?...
SPX 0dte Income Trading - Feb 18’22 4320/4315 Bull Put Spread 💡 Feb 18’22 4320/4315 Bull Put Spread $110 Premium Received (per contract) 81% Probability of Profit (at entry) 11:04 AM Time of Entry Pinning is less common in deep negative gamma environments, but if it were to occur it would be around the 4400 strike. I don't expect a large move in either...
SPX 0dte Income Trading - Feb 9’22 4605/4610 Bear Call Spread 💡 Feb 9’22 4605/4610 Bear Call Spread $85 Premium Received (per contract) 87% Probability of Profit (at entry) 10:10 AM Time of Entry Were finally coming out of negative gamma with inversion of 4550, when this happens we tend to see low volatility, dampening action due to dynamics of option dealers....