Expected move yesterday close was 5380
Morning Call we said 5380 will Resistance
Traget was 5312
I we teach SPX reset everyday, VWAP great tool for direction .
Happy everyone in the room made money!!
Stay Frosty!
💡 SPX Beyond 0dte Trading - Oct 28’22 3885 20Wide Butterfly
Debit: $85
Max Profit: $1,915
*Will be scaling into the position with multiple tranches.
Hey everyone!, I have been trading alot of 0dte Butterfly Spreads with much success and given the attractive risk/reward profile I've been using this strategy for swing trade ideas primarily on SPX. The notes below...
Another quiet session... the calm before tomorrow's CPI release.
We had two ideas on how to play today's market, both expressed on this chart.
💡 July 12’22 3820/3825/3885/3890 Iron Condor
$80 Premium Received (per contract)
12:21 PM Time of Entry
or
💡 July 12'22 3845/3860/3875 Butterfly
1 by 2 by 1
Risk is to the downside.