S&P 500
Long
Aggiornato

SPX 0dte Trading - Another Squeeze Another Butterfly

157
💡 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.
Trade chiuso: obiettivo raggiunto
Scaled out $200
Holding partial for potential pin
Trade chiuso: obiettivo raggiunto
Out $400

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