$30 Options Account Challenge - UPDATE - 02/11/2025

Wow, what a day.

We made $120 today on 0DTE SPY options.

Here is how it went.

7:30am

We began monitoring the fear and greed index and noted it at 47.

We did an initial analysis of SPY and found support at 602.

We planned our first trade to bounce off 602 and then trade up at market open, but it didn’t fill.

We decided not to chase the trade. Instead, when SPY rebounded off the 605 resistance we saw an opening for an opposite trade.

We successfully opened 7 Call Credit Spreads at .40 per spread.

Then, we watched the reversal turn into a death cross and SPY dive bombed into the 603s.

Because of that we saw profits hit $185 for the day.

We attempted to take profit, but we had a liquidity issue where only 1 spread closed at .16.

The remaining 6 spreads closed at .24 and stole $60 bucks of our profit.

At the end of the day, we are up $120.

We also did this trade live in the stock chat linked in my profile. There you can follow the trade via screenshots and comments as well as see more detailed information.

This is not a promotion, only a way to see more details since we are limited to one photo per post.

Please note that the profit shown is $116 and the reason is because we are investing 30% of all profits into different investments and some of those (Tesla) took a hit today.

I will post the breakdown of the portfolio in the chat.

Wow, what a day.

We made $120 today on 0DTE SPY options.

Here is how it went.

7:30am

We began monitoring the fear and greed index and noted it at 47.

We did an initial analysis of SPY and found support at 602.

We planned our first trade to bounce off 602 and then trade up at market open, but it didn’t fill.

We decided not to chase the trade. Instead, when SPY rebounded off the 605 resistance we saw an opening for an opposite trade.

We successfully opened 7 Call Credit Spreads at .40 per spread.

Then, we watched the reversal turn into a death cross and SPY dive bombed into the 603s.

Because of that we saw profits hit $185 for the day.

We attempted to take profit, but we had a liquidity issue where only 1 spread closed at .16.

The remaining 6 spreads closed at .24 and stole $60 bucks of our profit.

At the end of the day, we are up $120.

We also did this trade live in the stock chat linked in my profile. There you can follow the trade via screenshots and comments as well as see more detailed information.

This is not a promotion, only a way to see more details since we are limited to one photo per post.

Please note that the profit shown is $116 and the reason is because we are investing 30% of all profits into different investments and some of those (Tesla) took a hit today.

I will post the breakdown of the portfolio in the chat.