$1,589 Profit
SPXWShort Option
oldninja93

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.

000

Newsletters:TimChallenge
Broker:Schwab
DatePrice
Entry9/3/20210.77
Exit9/3/20210.22
  • Total Views73
  • Position Size30
  • Percentage71.43%
  • Option TypePUT
  • Strike4550.0
  • Expiration
Proof
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
Join now or log in to leave a comment