SPX 0dte Trading - Another Squeeze Another Butterfly
💡 SPX 0dte Trading - Oct 3’22 3690 10 Wide Butterfly
Debit: $30
Max Profit: $970
Risk/Reward: 1:31
Exact same setup as our Wednesday play last week which led to a pin and of course huge profits. (linked below)
As per our morning note:
"We think upside risk is elevated as indicators suggest that this market is now deeply oversold on a short term basis. In addition with the removal of puts from Fridays OpEX, short covering and a decline in implied volatility could provide a boost to equities."
ADD bullish extremes (+2000) and the sharp move lower in US Treasury Yields/DXY also helped lift markets
Entry signal at 9:43 AM as seen on the chart.
Debit: $30
Max Profit: $970
Risk/Reward: 1:31
Exact same setup as our Wednesday play last week which led to a pin and of course huge profits. (linked below)
As per our morning note:
"We think upside risk is elevated as indicators suggest that this market is now deeply oversold on a short term basis. In addition with the removal of puts from Fridays OpEX, short covering and a decline in implied volatility could provide a boost to equities."
ADD bullish extremes (+2000) and the sharp move lower in US Treasury Yields/DXY also helped lift markets
Entry signal at 9:43 AM as seen on the chart.
Dagangan ditutup: sasaran tercapai
Scaled out $200Holding partial for potential pin
Dagangan ditutup: sasaran tercapai
Out $400
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.