SPX daily reality check in. $4200-$4600 WHERE?!?!I hear everyone telling their followers to plan on trading in the $4200-$4600 range until further notice etc.
My only question is this range in the room with us now?
Am I missing something?
Should we just begin to Yolo Calls?
If your going to update you followers Daily or even Weekly should the information not be ACTIONABLE to your traders. Especially on #Ct = X where most clearly state they make trades daily and look to bank profits daily.
How exactly does this work?
Sounds like a great way to get rekt.
How about we first focus on getting back into the $4200 range and then seeing if we can turn that into support.
Until that happens lets first watch for these areas at $4180-$4190 until broken through.
Not to say that cannot or will not happen today. But shouldn't that be on the radar for traders following you if your going to send them a daily update in the morning?
Odte
SPX 0dte Income Trading October 22, 2021 - Bear Call SpreadSPX 0dte Income Trading October 22, 2021
SPX 0dte Option Income Trading (Every Monday, Wednesday, Friday)
💡 SPX Oct 22’21 4540/4535 Bull Put Spread
$95 Premium Received (per contract)
87% Probability of Profit (at entry)
11:17 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 selling credit spreads to collect premium. This strategy allows us to profit if the market moves up, down or doesn't move at all. See profile to learn more!
SPX 0dte Income Trading October 22, 2021SPX 0dte Income Trading October 22, 2021
SPX 0dte Option Income Trading (Every Monday, Wednesday, Friday)
💡 SPX Oct 22’21 4540/4535 Bull Put Spread
$110 Premium Received (per contract)
79% Probability of Profit (at entry)
9:33 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 selling credit spreads to collect premium. This strategy allows us to profit if the market moves up, down or doesn't move at all. See profile to learn more!
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.