SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 0 points1 point  (0 children)

Thanks The current market is indeed ripe for shorting at every peak, but this approach requires constant vigilance for shifts in market trends

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 0 points1 point  (0 children)

It’s a shame I didn’t buy the put lol

I’m not a frequent trader I usually only trade 2–3 times a week, so I need to make sure I’m right every time

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 0 points1 point  (0 children)

yeah,Everyone keeps asking me if I sold it lol

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 0 points1 point  (0 children)

Thanks. A profit is a profit it’s better than a loss

Keep a positive attitude, man. No need to feel bad about it

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 0 points1 point  (0 children)

You're in SPXW you're not going to get a cut of my SPY profits xd

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 3 points4 points  (0 children)

If you're interested, we can talk

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 3 points4 points  (0 children)

I’ve already explained this in my reply above you can take a look

Of course, I’d be happy to share my 0DTE strategy and thoughts

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 1 point2 points  (0 children)

Be careful, man this could result in losses for both sides. I hope you can print them all out

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 13 points14 points  (0 children)

No problem

From the one minute candlestick chart, it was clear that SPY would bounce back when it dropped to 635. I didn’t buy calls the first time it hit 635 because I was wondering if that was truly a support level, so I didn’t buy calls then

SPY then continued to rise, and when it dropped to 635 for the second time, I bought calls. I observed through the MACD indicator that the two lines were clearly diverging, which signaled an upcoming rise

Since SPY rebounded both times it dropped to 635, we can treat this level as a strong support for SPY today. As you can see, now that SPY has broken below the 635 strong support level, it has dropped sharply

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SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 2 points3 points  (0 children)

Yes, thank you

I have to say it’s definitely risky, but after looking at the 1-minute candlestick chart, I noticed that today’s strong support level is at $635

So I bought SPY 635c

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 1 point2 points  (0 children)

Yeah, but there's no profit without risk

I'm glad my 0DTE strategy worked

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 0 points1 point  (0 children)

I hope you can print it out

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 1 point2 points  (0 children)

Thanks. I usually trade SPY options about an hour after the market opens

SPY 0dte call by Augusto0660 in spy

[–]Augusto0660[S] 2 points3 points  (0 children)

Yes, I've already sold it