SPX 0DTE Trades

So my broker wasn’t working today, so today was a no trade day.

So IV is very low, If its under 20 I need to sell as soon as the market starts. I sold a 6880/6890 call credit spread for $0.70. The Positive MVC is pointing towards 6850 and is double than anything else. I think we at most go past 6850 by 5 points of that unless … Read more

I opened a call credit spread position at the rejection of SD2 of VWAP on US500 as price seemed like it was struggling to go further up. The data was looking a bit funky. It was all pointing upwards with a strong delta but net drift seemed to want price to go down a bit. … Read more

So yesterday night, The Iran Ceasefire with US happened and price jumped up 175 points. Trump basically chickened out after sending all those tweets. I decided to go against the trend as we went so far up, normally price tends to want to go back to vwap at least. Positive MVC Started at 6800 at … Read more

We started in red delta and we started in negative gamma territory. I waited for five minutes, and it climbed to 6600 almost before rejecting with a big red candle. I decided to sell calls using SD3 from VWAP which is the dark green at the top which is 6636. I opened two call credit … Read more

Today’s deltas were all very positive, however positive gamma mvc was only a few points away.  Since it was such a high gamma level I had a theory that it wouldn’t go past 20 points from MVC. I set a stop loss for 6620. I sold call credit spreads for $0.75 each for strikes 6645/6650 … Read more

I’m sitting today out.

Today’s Data was a bit mixed. Deltas were looking for upside. However Net Drift was showing a bit of short term weakness. I opened a starter position at 6610/6615 Call Credit Spreads for $0.85. I plan to play around this. If price continues Higher, Ill look to add in puts. Price climbed Up, I repositioned … Read more

Based on the deltas, We had short term bullishness, however we had pushed up so far during premarket, I didn’t think we would push past that far any more. I chose strikes way past the 6475 MVC. I sold 3 call credit spreads 6505/6515 for $0.50. Looking to close these at $0.05 or $0.10 depending … Read more

Based on the deltas, It looks like price wants to come down and it wont push any further. After Price came down past the orange dotted line I sold calls at 6475/6485 calls for $0.60. Looking to close everything for $0.05 or $0.10. depending where price is in about an hour.   I held these … Read more