SPX 0dte Income Trading - March 21’22 4510/4515 Bear Call Spread
Updated
💡 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 rally last week.
Downside Target 50 WMA
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
$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 rally last week.
Downside Target 50 WMA
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
Comment
Closed $20, $70 profit per contract.
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