$1,589 Profit
SPXWShort Option

This is getting to be a regular, last minute trade for me. I wait until the last hour or so of the day of expiration and look for resistance levels that day and the day or so prior. Then I set up a bear call vertical spread on an upswing, looking to get around $0.20 - $0.50 premium, by picking a strike that is around .20 delta or under which is often 10-20 points above those resistance levels.
Newsletters:TimChallenge
Broker:Schwab
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| Date | Price | |
|---|---|---|
| Entry | 9/3/2021 | 0.77 |
| Exit | 9/3/2021 | 0.22 |
- Total Views73
- Position Size30
- Percentage71.43%
- Option TypePUT
- Strike4550.0
- Expiration
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