The Spread Book

raylong

SPX 0DTE – 03/02/26

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Opened a 6905/6910 Call for $0.70 at 7:15 AM PST. Looking to close at $0.10. Will Update this post when I either close the position for the loss or my $0.10 set buyback hits.   Update: Was able to close these for $0.20 at 12:10 PM PST.    

SPX 0DTE – 02/27/26

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I Sold a 6915/6920 Call for $0.55 at the open at 6:41 AM PST. Figured since MVC was 6900 today, I don’t think it will be likely for it to close above 6915 today. Deltas look bearish but you never know with SPX so I only got into one position. Looking to close at $0.10.

SPX 0DTE – 02/26/26

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I sold a 6985/6990 call at 6:35 AM PST for $0.70 the moment price closed below vwap. The deltas also confirmed that we might see some short term downside so im hoping that the deltas continuing going red until premium goes to the $0.10 profit taking that I set. Update: I was able to close … Read more

SPX 0DTE – 02/25/26

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So although delta is pointing bullishness, I sold against the trend because I see weakness. I sold a 6955/6960 call for $0.50. I plan to close at $0.05 or if price gets really close to my position ill double down at a strike further. MVC today is 6950, so my strike is 5 points away … Read more

SPX 0DTE – 02/23/26

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I sold a 6940/6945 call for $0.70 at the open when I saw that big orange candle down. Deltas had also flipped red as well. I set a stop loss for high of day or close for $0.05. I was able to close these at 8:05 AM PST for $0.05

SPX 0DTE – 02/19/26

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Sorry for the late post. As you can see price was very volatile today so I had to keep my eyes peeled on the screen incase price continued further up. I sold 3 – 6910/6915 calls for $0.70, 30 minutes after the open at 7:05 AM PST. Deltas didn’t look good at that moment but … Read more

SPX 0DTE – 02/17/26

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I sold calls the moment price touched VWAP and then sold another leg down a few minutes later. I sold 6895/6900 calls for $0.60 and 6885/6890 calls for $0.50. Looking to close them at $0.10 probably unless price doesnt go back up past 6815. If price holds below 6815 for the rest of the day, … Read more