Two SPX put credit spreads into low IV — collecting premium on 0DTE/1DTE
Running a pair of bull put verticals on SPX while IV is sitting low. Posting fills for transparency — NFA, just sharing what I'm in.
**Trade 1 — SPX 0DTE Put Vertical**
* Sell 1x SPX Jun 2 7515P (credit)
* Buy 1x SPX Jun 2 7510P (debit)
* **Net credit:** $0.70
* **Expiry:** Jun 5
* **Stop:** 2–3x credit received
**Trade 2 — SPX 1DTE Put Vertical**
* Sell 1x SPX Jun 2 7505P (credit)
* Buy 1x SPX Jun 2 7500P (debit)
* **Net credit:** $0.90
* **Expiry:** Jun 5
* **Stop:** 2–3x credit received
**The thesis:** IV is low here — 13% on the first, 13.7% on the second - so I'm staying tight on the spreads and keeping size small. Both are 5 wide, defined risk, betting SPX holds above the short strikes into expiry. Stops set at 2/3x credit to cap the downside if it goes against me.