💡 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.
Trade chiuso: obiettivo raggiunto
Scaled out $200Holding partial for potential pin
Trade chiuso: obiettivo raggiunto
Out $400
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.