$SPY 20260501 695.0 PUT$ I have shifted my strategy for SPY after a long run of selling 0DTE puts. The relentless upward momentum over the last two weeks made those ultra-short-term plays increasingly difficult to manage, especially as implied volatility began to thin out. With the risk-to-reward ratio becoming less attractive in the 0DTE space, I decided to pivot toward selling weekly cash-secured puts instead. Given that the market has been hitting fresh record highs almost daily, the breathing room provided by the weekly timeframe worked perfectly, and the position easily expired worthless for a full profit. Trade Feed: Who is your favorite trader?
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