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Spx0dte

💡 SPX 0DTE Trading - FOMC Butterfly Strangle (Low risk)💡 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 open interest and -2% reduction in put open interest. It appears participants are under-positioned for a downside surprise. $4,000 is considered fair value due to balanced gamma (calls + puts) tied to that strike hence the mean reversion activity yesterday. It’s likely we break one way or the other today, $3,900 is major support (Put Wall) and $4,100 is major resistance (Call Wall). If $3,900 support gives way, markets are more susceptible to sharp downside moves and spikes in volatility as dealers may flip to a negative gamma position which adds to the downside pressure. On the upside, positioning between $4,100 - $4,200 is relatively light, meaning overhead resistance is weak. Since market direction is largely dependent on Powell we don’t see much directional edge. Therefore, we have opted to play a butterfly strangle centered around 4105 and 3935. This strategy is low risk/high reward with limited directional exposure. Max profit is realized at expiration and with FOMC at 2PM all we need to see is a move one way or the other for one of these spreads to juice up. 0DTE TRADERS ✅ Trade Ideas & Alerts ✅ Market Analysis ✅ Education
TVC:SPX
by 0dteTraders
6
💡 SPX 0DTE Trading - Nov 28’22 4025/4030 Bear Call Spread💡 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 running delta 1 shorts (short stock). In other words, in the case of a negative catalyst participant hedging may pressure markets lower and would quickly bid implied volatility. There may be a grab for some protection in the AM as participants await new data on 11/30. Ultimately we continue to view $4,000 as fair value due to balanced gamma (calls + puts) tied to that strike and this may invoke mean reversion activity today. If I am wrong on direction and the market rallies in the AM, I will simply convert to a butterfly. $4025 is our upside pin forecast.
OANDA:SPX500USD
by 0dteTraders
SPX 0dte Trading - Oct 26’22 3770/3775 3890/3895 Iron Condor💡 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 gamma flip line of $3,770 as dealer and systematic flows are supportive for price which adds liquidity and should reduce realized volatility. DXY/UST yields continue their slide, however, as the US10Y yield tags 4% we could see a rebound attempt. The inverse correlation between equities and yields/DXY continues to hold true. MSFT, GOOGL both down 7+% this morning. The combined weight of the two companies amounts to more than 14% of the Nasdaq 100. With growth underperforming this will likely cap the upside today. From an internals perspective, ADD is in positive territory, volatility is getting sold and the further reduction in the PCC signals positive delta flows still the primary trade as it has been the past three trading sessions. Overall many mixed signals. If needed will make adjustments defensive or offensive and as always will leg out of the IC using our momo process. 0DTE TRADERS ✅ Trade Ideas & Alerts ✅ Market Analysis ✅ Education
TVC:SPX
by 0dteTraders
3
💡 SPX 0dte Trading - Oct 10’22 3575/3580 3680/3685 Iron Condor💡 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. Wednesday CPI will likely spark the next directional move. We are seeing some put demand this morning, bidding volatility and forcing dealers to sell deltas - all which exerts downward pressure on price. With that being said, markets internals have a bearish tilt with the DXY moving higher. SPX, DXY inverse correlation continues to hold. If required; I will make adjustments, likely turning the threatened side into a butterfly spread. 0DTE TRADERS ✅ Trade Ideas & Alerts ✅ Market Analysis ✅ Education
TVC:SPX
by 0dteTraders
SPX 0dte Trading - Another Squeeze Another Butterfly 💡 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 addition with the removal of puts from Fridays OpEX, short covering and a decline in implied volatility could provide a boost to equities." ADD bullish extremes (+2000) and the sharp move lower in US Treasury Yields/DXY also helped lift markets Entry signal at 9:43 AM as seen on the chart.
TVC:SPXLong
by 0dteTraders
SPX 0dte Trading - Sept 28’22 3720 10 Wide Butterfly💡 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 higher, particularly given the fact that most of the protection is short dated and more sensitive to changes in IV and direction. $3,600 is major downside support - a level which was tested in the overnight session. The Dollar (DXY) is moving lower today and should this persist it may provide a boost for equities. The contrary holds true, should the Dollar reverse higher it may be a headwind for equities. Market Internals have a bullish tilt - although we are short term overbought on the 5M and 15M and could see a pullback/consolidation in the short term. 0DTE TRADERS ► Asymmetric Trade Ideas ► Market Analysis ► Education
TVC:SPXLong
by 0dteTraders
SPX 0dte Income Trading - June 8’22 4105/4100 Bull Put SpreadSPX 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 premarket low and continue to hold up above the pre-market high I think we could see another leg higher. In addition price is bouncing off the the 20MA on the daily after many sessions of sideways action. Vol compression leads to volatility expansion and the low liquidity exacerbates these moves. Nasdaq is also leading indices today, promising for a break out of the most recent range. 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. ✅ Weekly Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
TVC:SPXLong
by 0dteTraders
3
SPX 0dte Income Trading - June 3’22 4160/4165 Bear Call SpreadSPX 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 “good” jobs report (NFP) Spread was written in the gap zone, which was not ideal but as we failed to break above 4140 (R1 Gap Zone) price drifted lower to our target of 4110 and 4100. Based on our strategy the 15M was in the "Call Zone" signaling writing calls were more favorable than puts. 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. ✅ Weekly Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
TVC:SPXShort
by 0dteTraders
SPX 0dte Income Trading - May 31’22 4175/4180 Bear Call SpreadSPX 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. 4100 is major support and price has bounced near that level. Looking for a retest and possible double bottom. Resistance sits at 4135, 4150, 4160 💡 May 31’22 4175/4180 Bear Call Spread $90 Premium Received (per contract) 85% Probability of Profit (at entry) 9:37 AM 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. ✅ Weekly Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
TVC:SPXShort
by 0dteTraders
SPX 0dte - May 13’22 4960/3965 4070/4075 Iron Condor 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, Bulls will defend 4000 today. 4050 next upside resistance 4000 strong 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. ✅ Weekly Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
TVC:SPX
by 0dteTraders
SPX 0dte Income Trading - Bear Call SpreadsSPX 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 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. ✅ Weekly Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
TVC:SPXShort
by 0dteTraders
SPX 0dte Income Trading - April 25’22 4285/4290 Bear Call SpreadSPX 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 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. ✅ Weekly Cash Flow ✅ High Probability of Profit ✅ No Overnight Risk
SP:SPXShort
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 December 20, 2021, Bull Put Spread 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 _______________________________ 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:SPXLong
by 0dteTraders
SPX 0dte Income Trading December 20, 2021, Bear Call SpreadSPX 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 (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:SPXShort
by 0dteTraders
SPX 0DTE | Monday May 3' 21I 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 contract) $960 | Buying Power Required (per contract) 88% | Probability of Profit (at entry) 10:30 AM | Time of Entry _________________________________________________ ✅ If you found this idea useful, hit the like button, follow & share. ✅ Follow for swing ideas, trade setups and weekly 0DTE income trades. ✅ Don't hesitate to post comments, opinions and questions. Happy Trading! _________________________________________________ 📌 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.
TVC:SPX
by 0dteTraders
2