💡 SPX 0DTE Trading - Dec 14’22 Butterfly Strangle (Low risk/high reward)
Dec 14’22 3925/3935/3945 Butterfly Put (Pin:Low on chart)
Dec 14’22 4095/4105/4115 Butterfly Call (Pin:High on chart)
Net Debit: $60
Max Profit: $940
Despite the “pump and dump” activity yesterday, positioning was bullish with calls being added overhead. There was +7% increase in SPX call...
💡 SPX 0DTE Trading - Nov 28’22 4025/4030 Bear Call Spread
Credit Received: $95
The equity net short positioning is gone, but we are far from a meaningful net long. Skew has caught a bid (put demand > call demand) lately as participants have closed out equity shorts. The increase in skew suggests people are switching into hedging the downside via puts, instead of...
💡 SPX 0dte Trading - Oct 26’22 3770/3775 3890/3895 Iron Condor
Credit: $85
The 1H has remained in overbought territory since last Friday and is overdue for pause/pullback.
$3,900 remains the key level on the upside and is considered our best case scenario this week. On the downside, $3,800 is now strong support. There is positive drift if SPX remains above the...
💡 SPX 0dte Trading - Oct 10’22 3575/3580 3680/3685 Iron Condor
Premium collected: $95 per contract
A key level on the downside remains $3,600 and $3,700 on the upside. We don't see a reason for participants to get overly convicted one way or the other or sell volatility until there is more clarity on inflation and ultimately the forward path of monetary policy....
💡 SPX 0dte Trading - Oct 3’22 3690 10 Wide Butterfly
Debit: $30
Max Profit: $970
Risk/Reward: 1:31
Exact same setup as our Wednesday play last week which led to a pin and of course huge profits. (linked below)
As per our morning note:
"We think upside risk is elevated as indicators suggest that this market is now deeply oversold on a short term basis. In...
💡 SPX 0dte Trading - Sept 28’22 3720 10 Wide Butterfly
Debit: $30
Max Profit: $970
Risk/Reward: 1:31
We think upside risk is elevated as indicators suggest that this market is now deeply oversold. In addition markets remain put heavy with VIX elevated and should this bearish trade start to unwind or participants reach for calls, dealers will be chasing deltas...
SPX 0dte Income Trading - June 8’22 4105/4100 Bull Put Spread
💡 June 8’22 4105/4100 Bull Put Spread
$80 Premium Received (per contract)
85% Probability of Profit (at entry)
9:47 AM Time of Entry
4150/4160 has been a real chop zone lately and the market eventually resolves lower and this could be the case again today however, the fact that we’ve held the...
SPX 0dte Income Trading - June 3’22 4160/4165 Bear Call Spread
I’m posting this trade idea late therefore it may not be actionable anymore, however, this was our trade from this morning,
💡 June 3’22 4160/4165 Bear Call Spread
$95 Premium Received (per contract)
85% Probability of Profit (at entry)
9:55 AM Time of Entry
SPX gapped down as yields spiked after a...
SPX 0dte Income Trading - May 31’22 4175/4180 Bear Call Spread
SPX opened in overbought territory on multiple timeframes, 5M, 15M and most significantly the 1H as price found resistance at the upper band of the rising channel on Friday.
Last week's rally did not appear to be supported by material call buying which makes rallies subject to quick reversals....
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...
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....
SPX 0dte Income Trading December 20, 2021
💡 SPX Dec 20’21 4510/4505 Bull Put Spread
$80 Premium Received (per contract)
82% Probability of Profit (at entry)
11:43 AM Time of Entry
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WHAT IS 0DTE TRADING?
0dte or zero days to expiration refers to the last trading day for an option contract. The Chicago Board Options Exchange (Cboe)...
SPX 0dte Income Trading December 20, 2021
💡 SPX Dec 20’21 4575/4580 Bear Call Spread
$130 Premium Received (per contract)
74% Probability of Profit (at entry)
10:10 AM Time of Entry
_______________________________
WHAT IS 0DTE TRADING?
0dte or zero days to expiration refers to the last trading day for an option contract. The Chicago Board Options Exchange...
I have been trading a 0 day to expiration strategy on weekly SPX options, Monday, Wednesday & Friday. This was a trade from today. Going forward, I will be positing trades as they happen. Hit the like if you're interested.
$4,192 | SPX Opening Price
$25.21 | Expected Range (in orange)
💡 SPX May 03'21 4220/4225 Bear Call (in red)
$82.5 | Premium Received (per...
