💡 SPX 0DTE Trading - Dec 14’22 Butterfly Strangle (Low risk/high reward)
Dec 14’22 3925/3935/3945 Butterfly Put (Pin:Low on chart)
Dec 14’22 4095/4105/4115 Butterfly Call (Pin:High on chart)
Net Debit: $60
Max Profit: $940
Despite the “pump and dump” activity yesterday, positioning was bullish with calls being added overhead. There was +7% increase in SPX call...
Opened position on AAL
AAL(DELAYED)
APR 14 STO $18C Ratio 2:1
APR 14 BTO $19C Ratio 1:1
APR 14 BTO $17C Ratio 1:1
Playing credit premium(NOT HOLDING LONG)
Max Gain-$79
Max Loss- $10
This is not financial advice
$SNOW is strong. Perhaps the most expensive stock in tech, but the market doesn't seem to care that much. We are trading the possibilities.
#tradeidea
Broken Wing Butterfly
+1 Dec 24 $355c
-2 Dec 24 $360c
+1 Dec 24 $362.5c
Cost bases: ~$0.80 ~ 1.2 (bit spready on long strikes)
Max $400 profit
profit above $355.77
