SPX 0dte Income Trading - March 18’22 4140/4145 Bear Call Spread

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SPX 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
Заметка
Added 115, In full size, Stop 2.5x Premium
0dteBeyond Technical AnalysisFundamental AnalysisoptionsellingTrend Analysis

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