199: Scalping SPX 0DTE Credit Spreads Using Gamma Exposure (GEX)
Summary
This episode explores using gamma exposure to identify support and resistance for 0DTE SPX credit spread scalps. The host demonstrates a trade where selling a call spread near a gamma node allowed for a quick 30% profit capture during a market fade. He also reviews the broader 90-day outlook, noting the market's rally despite Fed rate hikes and upcoming speaker events. The segment concludes with lighthearted social media clips about trader frustration.
Topics discussed
Intro: Gamma Exposure and 0 DTE Credit Spread Scalping
Defining the Setup: Visual Gamma Analysis over Theory
Identifying Support and Resistance via Gamma Nodes
Trade Execution: Selling Call Credit Spread at Resistance
Exit Strategy: Booking Profit on the Fade
Alternative Strategies: Put Spreads and Iron Condors
Current Market State: Analyzing New Gamma Nodes
Chart Review: Visualizing the Entry and Exit
Scalping Rules: 30% Target and Key Levels
Big Picture: 90-Day Gamma and Fed Rate Hike Impact
Upcoming Events: Fed Speakers and Economic Calendar
Fun Segment: X Files and Trading Memes
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