Trade Alert: 0DTE SPY Bull Put Credit Spread
Hi traders and investors,
In general, I try to avoid as much as possible 0DTE trades or trades without underlying assets (indexes, futures), but today I decided to “play” with 0DTE expiry options on SPY ETF
Buy to open 1 SPY Sep 29, 2021 - 431.00 strike puts
Sell to open 1 SPY Sep 29, 2021 - 433.00 strike puts
Max risk: 2.00 or $200 per trade
Max profit: 0.17 or $17 per trade
As long as SPY ETF stays above $433 today, we take full credit.