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Papakong88 NDX 0DTE - 06/23/26; NDX down 1,000
Investor summaryNeutral
Author shares a profitable 0DTE options day on NDX, where sold puts expired OTM despite a 1000-point drop.
Bull points
- Strong intraday support held, keeping index above short put strike prices
- Volatility allowed for profitable premium collection on 0DTE puts
Bear points
- Index experienced a significant 1000-point intraday drop
- Intraday low tested the OTM distance of short puts closely
Post body
NDX closed at 29347 down 1000 points today.
The 25HTE 29150/29050 put expired OTM. At the time of sale, EM was 298, short put is 1200 points OTM, X = 4.
At around 1:00 pm CT, NDX= 29227 (intraday low), the put is 77 points OTM. Exit alarm of 80 OTM is triggered. (OTM did not go below 50 - the 29150 PS was not BTC.)
The 0DTE 28700/28600 put expired OTM.
The junk 28750/28650 put expired OTM.
All CS expired OTM.
It was a good day.
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