SPX 0dte Income Trading - Feb 18’22 4320/4315 Bull Put Spread
SPX 0dte Income Trading - Feb 18’22 4320/4315 Bull Put Spread
💡 Feb 18’22 4320/4315 Bull Put Spread
$110 Premium Received (per contract)
81% Probability of Profit (at entry)
11:04 AM Time of Entry
Pinning is less common in deep negative gamma environments, but if it were to occur it would be around the 4400 strike. I don't expect a large move in either direction but I do expect overshoots in both directions.
Note: This is a counter trend trade in an environment where headline risk runs high.
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
💡 Feb 18’22 4320/4315 Bull Put Spread
$110 Premium Received (per contract)
81% Probability of Profit (at entry)
11:04 AM Time of Entry
Pinning is less common in deep negative gamma environments, but if it were to occur it would be around the 4400 strike. I don't expect a large move in either direction but I do expect overshoots in both directions.
Note: This is a counter trend trade in an environment where headline risk runs high.
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