SPX 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