SPX 0dte Trading - Sept 28’22 3720 10 Wide Butterfly

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💡 SPX 0dte Trading - Sept 28’22 3720 10 Wide Butterfly

Debit: $30
Max Profit: $970
Risk/Reward: 1:31

We think upside risk is elevated as indicators suggest that this market is now deeply oversold. In addition markets remain put heavy with VIX elevated and should this bearish trade start to unwind or participants reach for calls, dealers will be chasing deltas higher, particularly given the fact that most of the protection is short dated and more sensitive to changes in IV and direction.

$3,600 is major downside support - a level which was tested in the overnight session.

The Dollar (DXY) is moving lower today and should this persist it may provide a boost for equities. The contrary holds true, should the Dollar reverse higher it may be a headwind for equities.

Market Internals have a bullish tilt - although we are short term overbought on the 5M and 15M and could see a pullback/consolidation in the short term.


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交易结束:到达目标
Out half $100
Now in a winning scenario and will leave the second half on to let the trade work.
Max profit realized at expiration.
注释
Out some more $200

Locked in some good profits now leaving a partial on for the close.
注释
The trade pinned - closed full $700
Huge ROI
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