Sold this 0DTE CSP on SPY as one of my daily trade. This was opened when SPY dipped to about -0.15% during midday. However FED's chair JP delivered a hawkish speech and has send the market lower, now this CSP is in the money. Decided to keep this contract to take assignment of the underlying, will turn to selling of covered call, again, will be 0DTE if the share price can stay pretty at this level or higher.
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- Astrid Stephen·09-25Hawkish Powell spooked markets! CSP in-the-money,covered calls might not offset losses!LikeReport
- Reg Ford·09-25Smart hold! Take SPY assignment, then sell 0DTE covered calls,market’ll bounce back!LikeReport
- Marialina·09-24Sounds like a solid planLikeReport