Hello everyone! Today i want to share some option strategies with yoy!
1.
$S&P 500(.SPX)$ Big day with FOMC reporting! Am expecting volatility in $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ and will try to write credit spreads to take advantage of the volatility.
Looks like SPX gamma exposure is setting up bearish with a big stack at 5900. Gamma flip at 5931. 6000 might turn out to be call wall resistance with 6035 as the next stack.
Haven't traded SPX much these days. Tomorrow might present a good opportunity to take an #Optionselling trade. Short strike targets will be below 5900 for puts and at/above 6035 for calls.
Will leg into an Iron Condor and the goals for the trade are worthless expiration and not have to monitor that closely.
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