This strategy involves selling a delta-neutral $10-wide out-of-the-money iron condor or sometimes a directional credit spread on the SPX. When entering trades, we leverage various tools such as Average True Range, Moving Averages, Technical Levels, Channels, and Stochastics to our advantage. These technical and fundamental factors allow us to accurately predict the next 1-3 trading days, resulting in a high win rate of 80%.

When we enter a trade, we receive a net credit by selling options that are approximately 10 delta out of the money. To improve our chances of success, we target SPX Weekly Options with three days until expiration, this allows us to leverage the accelerated time decay that occurs as expiration approaches for SPX Weekly Options. The aim is to exit the trade for auto traders with a 50% profit. Experienced manual traders have the chance to hold these positions for longer.

This is an advanced service that requires a margin of 60-70% on allocations. While it has a high probability of success, it is intended for investors with a high-risk tolerance. We utilize proprietary options trading methods to adjust positions based on fluctuations in the S&P 500 (SPX). The key to successfully trading this strategy is to promptly adjust losing positions in order to effectively manage margin risk and minimize losses.