So at 3:54 I sold a 1DTE SPX put credit spread with about 0.90% buffer below the pin of the day. Small position, tight risk, figured worst case it holds overnight.
Then the post-4PM flush hit and did exactly what I needed. Market jumped, which I presume was market makers removing their hedges. Closed at 4:03 for 36% gain.
Didn’t plan for the flush specifically, but it absolutely helped. For anyone watching SPX into the close, that end-of-day move seems to create some nice opportunities on the put side when price has been pinning.
Anyone else been fading the close flush? Curious if others are playing this intentionally or just catching it when it lines up.
https://i.redd.it/d5t2u0qyid0h1.jpeg
Posted by imusuallydrunkatnine