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0dte

SPX 0dte Income Trading - April 6’22 4425/4420 Bull Put Spread💡 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 VIX which will greatly help out my position. Oversold on the 1H and 15M, however, oversold can get more oversold. My expectation is for a small relief rally into the PM before the release of the Fed minutes. 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
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 28’22 4570/4575 Bear Call Spread💡 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 break, a squeeze to the 4600 Call Wall is possible and will make adjustments if this plays out. My expectation today is down to sideways, consolidation zone 4450 to 4500. If we get a proper leg down, we will look to write on the put side. 15 minute momentum is negative and the RSI at 50 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
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 23’22 4450/4445 Bull Put Spread💡 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 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
OANDA:SPX500USD
by 0dteTraders
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
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 21’22 4510/4515 Bear Call Spread💡 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
OANDA:SPX500USDShort
by 0dteTraders
SPX 0dte Income Trading - March 18’22 4140/4145 Bear Call SpreadSPX 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 around this area today. At this point a stock breakdown does not have support from the options market, but could be fueled lower with increased put buying. PCC 0.76 Short strike is above a cluster of resistance, 50DMA, 50WMA, Previous Sessions High and 4400 Gamma Level 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
OANDA:SPX500USD
by 0dteTraders
1
SPX 0dte Income Trading - March 14’22 4140/4135 Bull Put SpreadSPX 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 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
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 14’22 4270/4275 Bear Call SpreadSPX 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 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
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Income Trading - March 7’22 4225/4220 Bull Put SpreadSPX 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 squeeze scenario. Note: This is a counter trend trade. However, we have written below 4350 which should act as significant support. 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
SP:SPX
by 0dteTraders
SPX 0dte Income Trading - March 4’22 4355/4360 Bear Call SpreadSPX 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 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
SP:SPX
by 0dteTraders
SPX 0dte Income Trading - March 2’22 4410/4415 Bear Call SpreadSPX 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 higher this AM, expecting reversion back to the mid point. 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
SP:SPX
by 0dteTraders
SPX 0dte Income Trading - Feb 23’22 4235/4230 Bull Put SpreadSPX 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 low of the previous session. Could see another short cover rally if price reclaims 4300 (-66M Gamma Notional). 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
SP:SPX
by 0dteTraders
SPX 0dte Income Trading - Feb 22’22 4285/4280 Bull Put SpreadSPX 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? 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
SP:SPX
by 0dteTraders
SPX 0dte Income Trading - Feb 18’22 4320/4315 Bull Put SpreadSPX 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 direction but I do expect overshoots in both directions. Note: This is a counter trend trade in an environment where headline risk runs high. 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
SP:SPX
by 0dteTraders
SPX 0dte Income Trading - Feb 9’22 4605/4610 Bear Call SpreadSPX 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. CPI will be released tomorrow, highly anticipated and will most likely dictate direction for the coming weeks. 4600 is a significant gamma level with large call positioning and will act as resistance. We may grind higher today but I don't see the market reclaiming the 4600 level. 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
SP:SPX
by 0dteTraders
SPX 0dte Income Trading - Jan 26’22 4490/4495 Bear Call SpreadSPX 0dte Income Trading - SPX Jan 26’22 4490/4495 Bear Call Spread 💡 SPX Jan 26’22 4490/4495 Bear Call Spread $95 Premium Received (per contract) 81% Probability of Profit (at entry) 9:31 PM Time of Entry Momentum is nearing a peak and RSI is turning down from overbought territory (15min). Expecting to drift lower, fill the gap below and see a pivot around noon where we've tend to see a shift in flows as the Euro session closes. FOMC announcement at 2PM. 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
SP:SPX
by 0dteTraders
0dte Income Trading - SPX Jan 19’22 4640/4645 Bear Call Spread💡 SPX Jan 19’22 4640/4645 Bear Call Spread $100 Premium Received (per contract) 76% Probability of Profit (at entry) 9:41 PM Time of Entry This was an early trade today and didn't have time to post it, where it could be semi actionable. All trades are alerted in real time on our Discord. Out 0.25 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
SP:SPXShort
by 0dteTraders
SPY/SPX 0dte Option Incoming Trading: Bull Put Entry Criteria Over the past month I've been posting many of my SPX 0dte trades, I would like to touch briefly on my entry criteria from the technical perspective. First off, you'll notice my chart is of the SPY and not the SPX. My trades are taken on the SPX, however, I conduct my technical analysis on the SPY for two main reasons, 1. The SPY trades post and pre-market, and with the inclusion of this data more precise signals are drawn. 2. The availability of the Volume study, which is not a major component of my strategy but is occasionally referenced. My trades are classified into three categories "type of trade", this allows me to have clarity on my expectations, to know quickly when I'm wrong, and how I'm positioned relative to the primary trend. 1. Trend Continuation: is when price is trading either above the previous sessions high (bullish) or below the previous sessions low (bearish) signaling continuation of the trend. We want to see market direction confirmed by increased volume. 2. Range Bound: is when price is trading within the high and low of the previous session. These days tend to trade sideways with low volatility and often occur as a pause or slowing in momentum after a multi day move in one direction. 3. Mean Reversion/Contra: is a trade taken against the primary trend, typically on a trend continuation day where the price has been overextended from the mean. - Rather than selling an Iron Condor all at once, I leg into the trade, selling one side followed by the other if the conditions are met. - Trade entries and exits are often based on the 5 minute time frame, but context is important, so the 15 min and 1 hour is commonly used to determine direction. - When the 15 minute momentum is moving up from the trough-to-peak my preference is to write puts and when momentum is moving down from peak-to-trough I write calls. - The main focus intraday is on the 5 minute and 15 minutes chart but I keep this in the context of the 1 hour time frame and apply the same concept. - Based on the 1 hour momentum cycle and the "type of trade", I can determine how aggressive or defensive I should be positioned, If I should be quick to take profits or I whether I can be more patient. Bull Put Spread (Long) Requirements 1.) Significant Level: price is holding above a level of importance, (i.e, pivot point, gamma level, previous low, etc.) *Leading Indicator 2.) Momentum: trough or change in momentum direction *Leading Indicator 3.) Break of Structure: Trendline break, breakout of a key level. *Coincident Indicator 4.) QQE Buy Signal: this is an RSI based indicator *Lagging Indicator 5.) 20 and 50 Moving Averages: Flat or Sloping up *Lagging Indicator See related ideas, to see the Bull Put spread signal based on the above requirements and a Bear Call spread which was also placed but not discussed here. ______________________ 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
AMEX:SPY
by 0dteTraders
SPX 0dte Income Trading - Jan 14’22 4610/4605 Bull Put SpreadSPX 0dte Income Trading - Jan 14’22 4610/4605 Bull Put Spread 💡 SPX Jan 14’22 4610/4605 Bull Put Spread $90 Premium Received (per contract) 83% Probability of Profit (at entry) 9:46 AM Time of Entry Price bounced off the S1 pivot point, on 15min bearish momentum hit a trough at the open and RSI started turning up out of oversold territory. And we see the same action on the 1hour timeframe. To the upside we need to take out the 50DMA to be in the clear. US10Y is moving higher and may be headwind for today. Mega caps remain in the green. New Trades Every Monday, Wednesday & Friday ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
SP:SPXLong
by 0dteTraders
SPX 0dte Income Trading - Jan 12'22 4655/4660 Bear Call SpreadSPX 0dte Option Income Trading 💡 SPX Jan 12’22 4655/4635 Bear Call Spread $135 Premium Received (per contract) 76% Probability of Profit (at entry) 9:41 AM Time of Entry Little early on the entry but managed to average up as price finds resistance at the 4750 gamma level. 15min momentum is peaking, RSI turning down out of oversold territory, on the 1hour, price is extended after a major rally from Monday’s low. New Trades Every Monday, Wednesday & Friday ✅ Consistent Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
SP:SPX
by 0dteTraders
2
SPX 0dte Income Trading - Jan 10’21 4630/4635 Bear Call SpreadSPX 0dte Income Trading Jan 10, 2021 💡 SPX Jan 10’21 4630/4635 Bear Call Spread $85 Premium Received (per contract) 85% Probability of Profit (at entry) 12:03 PM Time of Entry *Looking for retest of the lows 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) 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. See profile to learn more! New Trades Every Monday, Wednesday & Friday ► Consistent Cash Flow ► High Probability of Profi
SP:SPXShort
by 0dteTraders
SPX 0dte Income Trading - Jan 10’21 4655/4650 Bull Put SpreadSPX 0dte Income Trading Jan 10, 2021 💡 SPX Jan 10’21 4655/4650 Bull Put Spread $85 Premium Received (per contract) 81% Probability of Profit (at entry) 10:52 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 (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. See profile to learn more! New Trades Every Monday, Wednesday & Friday ► Consistent Cash Flow ► High Probability of Profit ► No Overnight Risk
SP:SPX
by 0dteTraders