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Two call positions at the end of the day, one with 30 contracts at 4540/4535 and another for 40 contracts at 4535/4530. I need to watch the position effect, however, as by doing overlapping positions like this my platform interprets that as creating one wider strike (4540/4530) instead of two narrower ones.
This was a bit confusing. First, ignore the calls in the image as I already accounted for them in another entry. Basically, I did a 4520/4515 bull put vertical spread for $0.50 premium. Then, the price was getting too close to my strike and I didn't have confidence in it so I rolled it over to Friday and got more credit for doing that. On Friday, it expired worthless so I kept all of the premium.
My first Nasdaq bull put vertical option spread. I put in two trades, one for 30 contracts at $1.55 premium and then again for the same strikes at $2.05 premium. Given the pattern, I was confident that the day of expiration would be an upswing. If not, I still had the premiums and I could get another credit for them to roll them over. My thesis was right on the upswing and I banked it all.
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.
Another 0DTE bull put vertical spread, again entering in the order earlier in the day to get a higher premium. I usually wait until the afternoon but when price seems like it will be strong all day I'm getting in earlier. I tried to add some calls at the end of the day but was too far out to get filled given the seesaw late day action.
Since my bull put vertical spread from the day before was well OTM, I entered two Calls near the end of the day as a kind of bookend based on the price action. I like this idea as there is more premium for a Call in the last hour or so before expiration. The risk, of course, is a sudden surge could result in loss but that can be mitigated by good strike choices and a stop.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.