SPX Weekly Options Trading Research for 7DTE Credit Spreads
SPX Weekly Options with 7 Days to Expiration
In this SPX options trading research video, we'll explore trading SPX put credit spreads with 7DTE(days to expiration) using the Weekly Triumph Rate from Alpha Crunching as a guide to know what the best days of week are to put on a trade.
The Weekly Triumph Rate (WTR) is updated each week before the trading week begins and shows the rate at which the market has closed higher, 7 days later, over the past couple of months.
The combination of the WTR along with strike selection give this mechanical strategy an edge allowing you to trade in a systematic data-driven way.
For this strategy, we're looking for WTR values of 50% or greater before the trading week begins to plan these PDT friendly SPX options trades which is great for those who can't or don't want to watch the market all day.
This quant style strategy is a more mathematical approach to trading options that takes advantage of short term bullish trends in the stock market.