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SPX 0dte Option Income Trading July 23SPX 0dte Option Income Trading (Every Monday, Wednesday, Friday) 💡 SPX July 23’21 4390/4400 Bear Call Spread $105 | Premium Received (per contract) $405 | Buying Power Required (per contract) 76% | Probability of Profit (at entry) 10:14 AM | Time of Entry ______________________ 💸 WHAT IS 0DTE TRADING? The Chicago Board Options Exchange (Cboe) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Most options expire worthless and we take advantage of this by writing credit spreads to collect premium. This strategy allows us to profit if the SPX moves up, down or doesn't move at all. 📌 DISCLAIMER Stocks, futures and options trading involves substantial risk and can result in losses greater than the original investment. None of the content published by cmacgowan constitutes a recommendation that any particular security, portfolio of securities, transaction or trading strategy is suitable for any specific person. All information is for educational purposes only.
TVC:SPXShort
by 0dteTraders
LESLIE'S Puts and Sales Leslie's is a retail company who has recently been abused with an overload of puts and insider selling. Insiders have sold an estimated $425840216 of shares with some key individuals such as the CEO selling 20% and 24% of his shares. Common theme is most insiders sold 20-24% of there holdings. There as been decreases in calls and major increases in put options. Marketbeat states that Traders acquired 12,669 put options which is a 6500% increase. The company has recently beaten some earnings forecasts such as its EPS and revenue. Note. Leslies is currently in a channel between 50 day SMA and support level and the stock is dominated by Institutions ownership with very little retail ownership.
NASDAQ:LESLShort
by Mikey_Scali
1
Top Shareholders leaving CRCTop shareholders of CRC have recently reduced there holdings. 1. GoldenTree Asset Management who owns 15,579,032 shares levelled holdings by a large 20.415% decrease 2. Ares Management who holds 14,788,286 shares have recently reduce there holdings by 14.64% What could this mean? --> Well to put it simply it may just be profit taking as Ares bought more shares around $30 --> Minimising positions. It is well known California is turning to green energy and the government is showing for support. --> Stigma has also increased for oil due to media portrayal however the world is not ready to depart from oil so really it could be typically play of talking the talk and not walking the walk.
NYSE:CRC
by Mikey_Scali
Selling Naked 16 Delta Strangle in TwitterMorning Options Sellers. Its hard to find good premium these days with the absolute volatility crush this past month, however I like this play in Twitter. Sell the May 21 16-delta strangle in $TWTR for $222 in premium per one-lot. That means selling the 85 CALL and selling the 60 PUT. Delta at position opening here is actually flat to slightly bearish, but starts out with $8.65 dollars a day in theta decay... nice. I still think Twitter is way undervalued and there are so many feature they can add to the platform to draw in more revenue, so I'm actually bullish the stock long term. But until May, I say the price stays within range. Collecting $2.22 in premium means our break-evens on this strangle are $57.78 and $87.22. As this price moves and starts to test either of our strikes, be ready to roll up or roll down the untested side to collect more premium and adjust those break-evens. We'll see how it plays out, but I like the play here with TWTR IV Rank of 40.2 today.
NYSE:TWTR
by nicetri