List the 3 best strategy's for the currently price in spy for a 1dte


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- Straddle Strategy: For the SPY at its current price, a 1DTE straddle can be a viable strategy. This strategy involves buying a call option and a put option with the same strike price and expiration date. The straddle allows for profit in either a bullish or bearish market and can be beneficial in uncertain or volatile conditions1.
- Iron Fly Strategy: Another option is the iron fly strategy. This strategy involves buying a call option and a put option with the same strike price, but with different expiration dates. The longer-dated option acts as a hedge against time decay, while the shorter-dated option provides immediate exposure to price movements2.
- Covered Call Strategy: A covered call strategy involves selling a call option while simultaneously owning the underlying security. This strategy can generate income from the option premium while still providing some downside protection if the underlying security's price remains within the strike price range3.
These strategies are designed to capitalize on the current market conditions and offer different risk-reward profiles. It's important to consider factors such as the current market volatility, time to expiration, and the trader's risk tolerance when selecting a strategy.
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Buy 1 DTE Straddle
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