7DTE Strategy For SPX Options

SPX WTR 7DTE PCS Monday's Historical Backtest

SPX 7DTE Put Credit Spread Strategy | Mondays

The SPX weekly options trading research study finds an edge by combining Alpha Crunching's WTR or Weekly Triumph Rate with simple moving averages for trading at the money put credit spreads with 7 days to expiration on Monday's.

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Alpha Crunching considers each day of the week of having its own characteristics and seasonality. This research takes trades on Monday afternoon if the following criteria is met.

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Alpha Crunching's WTR or Weekly Triumph Rate is updated each weekend before the trading week begins and shows the historical percentage of times SPX has closed higher 7 days later over the past two months.

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For Mondays, if the WTR is above 50% then a put credit spread towards Monday's close is a potential trade candidate.

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For bullish confirmation, SPX needs its 5sma to be above its 10sma on the daily chart about 30m before the close that Monday before taking this trade. If the 5sma is below the 10sma, the trade is skipped.

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This strategy sells an ATM (at the money) put credit spread with 7DTE (days to expiration) with the goal of receiving at least a $2.00 credit for a 5 point wide spread. This creates a 3:2 risk reward or better for the bull put spread.

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This 7DTE bull put spread strategy held the spread to expiration and ran a 72% win rate from January 2023 through December 2024.

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We transform intricate market data into easy-to-understand visuals, helping you grasp the trends and make wise trading decisions. Whether you're a full-time investor, a day trader balancing your job, or a retiree exploring the world of trading, Alpha Crunching simplifies the process and paves the way to a more profitable trading journey.