SPX 0DTE Butterfly: Risk $90 for $1,000 Gain

In this video, I walk through a 0DTE SPX options trade where I leg into a risk-free butterfly using a simple but strategic approach. Starting with two cheap out-of-the-money call debit spreads, I show how I reduce risk by selling a matching call credit spread as the market moves in my favor. This turns the trade into a butterfly with no capital at risk and a chance for a solid payout if price lands inside the tent.

You'll see:

My thought process on the bullish setup after the JOLTS report

How I structured the trade with just $90 of initial risk

Step-by-step details of how I legged into the butterfly

What I’m watching for into the close

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#SPXoptions #0DTE #ButterflySpread #OptionsTrading #ForestTrading #AlphaCrunching