Option Strategies: .SPX, QQQ& NDX

Selling For Premium
06-18

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.

ImageImage

For whom haven't open CBA can know more from below:

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here:

Options Hub
Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
2