0dteTraders

SPX 0dte Income Trading - March 14’22 4270/4275 Bear Call Spread

OANDA:SPX500USD   S&P 500 Index
SPX 0dte Income Trading - March 14’22 4270/4275 Bear Call Spread

πŸ’‘ March 14’22 4270/4275 Bear Call Spread
$90 Premium Received (per contract)
89% Probability of Profit (at entry)
9:31 AM Time of Entry

Opening trade on a bear flag formation, finding support at 20 MA on the 1hour, MA sloping down, break of 4200 confirmation.

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.
βœ… Consistent Cash Flow
βœ… High Probability of Profit
βœ… No Overnight Risk

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