SPX 0DTE – 02/05/26

Today Markets Showed Heavy In Deltas. I waited for price to see if it could push back up towards VWAP but is stopped right upon reaching the SD1 of Vwap which is the orange dotted line and also the 50 ema on the five minute. As candle engulfed the previous one, I opened a position and sold 6925/6935 calls for $0.85. After about an hour in, I was able to close the contract for $0.10. Very simple day. Will wait to see if price hits the negative mvc which is 6700. If it does then Ill look to sell puts. For now ill take the small win.

Leave a Comment