SPX 0DTE – 01/16/26

So today is OPEX, normally I wouldn’t trade on this day. Seen too many red days on OPEX due to data fluctuating. However, today I saw alot of signs for downside on the rest of the indicators so i decide to sell towards the trend that broke out of the 1 standard deviation(SD) line of the VWAP. The orange dotted lines are the 1SD area. At 6:55 AM it broken down and I sold just above the premarket high and set a stop loss at VWAP. Sold two contracts at 6975/6980 calls for $0.75 and am looking to close at $0.10 if possible. If not $0.25 is possible too. Depends on how price moves after this hour.

UPDATE: I closed at $0.30 as price started to climb back. I forgot the new rule that I set yesterday. Should always take profit from now on if it reached $0.50 profit per contract.

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