SPX 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.
💡 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.