Superfly!

candles from 9/18/24 onward, where the Fed cut 50bps...

Wanna see one side hit $6 or better to exit

After an opening gap up, I expect this sideways action, and I am just asking SPX to break a 10-pt range....


....puts came off for $6.50, now looking for the calls to catch a rebound...
...no dice on the rebound, 50 cent day.

Range for the day <18 pts. I expect the same for Tues, maybe not worth watchng.

great day for 0dte fly setups. FOMC up at 1400 EDT, much of theta burned off, we'll see if I can get into some wide flys to catch a decent move off the show...

for future reference, an oscillation around 6600 and settlement near unch for the day. Kind of a classic FOMC scenario...

I like trading SPX, but the dead ATR is getting to me. Will be trying some stocks with decent movement, see how it goes. Looking at most liquid & larger cap names....also any with weeklies, to enter midweek. NVDA call fly shown has a maxP of around 10:1.

catching a move on TSLA not too hard, just give yourself some room....


ATR for TSLA ranges 10 to 25 this year.

even QQQ, and it has dailies....

AMD looks good

BABA

With NVDA trading at $176.60, entered below for Friday, Fri EM = $3.6. We'll see what NVDA does overnnight, but with a total net debit of $1.50, I'd look to close either fly @ $1.75...

Didn't work, as NVDA hemmed in @ a $2.50 range...

entered 1dte today as JPow was talking, in the double fly for $5.50, would like to net out at least $250. My win rate on these is still not good enough to trade larger. Going 1dte may be an improvement.


..made $0.50 on this, with a $6 tp on the puts and $0 out of the calls.

I am looking for the rebound tomorrow...with luck I can make a couple bucks off both of these....

The wider the wings, the bigger the prize. Also, pricing is better if you look out 2 wks or more

atm 0dte fly for low vol days, consider the double backspread hedge @ 1dte or 2dte compare atm flys via puts vs calls and they need to be min 25pt wings)

funding put fly with IC

bw fly with a protective vert, a nice directional 0dte combo, try to pin the guts....(look for comparable call combo after Tues open)