SPX Expired Worthless But We Still Made 99%

Here's the secret. [Reports]( Live]( Me Anything](   [How to Turn a $1,000 Account into $6,443]( Mark Sebastian has spent the past four months test-driving a brand-new trading strategy. And those trading alongside him could have turned a $1,000 account into $6,443 today. That’s a 544% profit – and on Wednesday, September 7, at 7:00 p.m. (ET), he’s going to show you how he did it. [Make sure you’re there for the live reveal.](   MAIN STORY SPX Expired Worthless But We Still Made 99% By Mark Sebastian Dear Profit Takeover reader, Our daily expiration trades on SPX and XSP aren’t always winners. But even worthless SPX expirations can still make profit… Allow me to explain. On August 26, 2022, our traders opened the $4100-$4085-$4070 Put Butterfly for $1.10… They sold half at $2.63 - for 139% gain… Then they sold 1/4 at $3.50 - for 218% gain… But then, the fly expired worthless… but traders still made a cumulative weighted gain of 99%. How is that possible? When we put on these butterfly trades earlier in the day, the market has more opportunity to move up and down… And we have multiple opportunities to take profit during the day. So even when the trades don’t pin on the thorax, we can still take home profit. And when we do win, we win BIG. On Friday August 22nd, we caught a whale. Traders bought the SPX August 22, 2022 $4150-$4140-$4130 Put Butterfly for $1.22 at 1:02 p.m. They sold half at $2.60 at 1:52PM—> 113% gain, Sold 25% at $3.90 at 3:18PM—> 220% gain, And the trade expired at $7.99—> 555% For a weighted gain of 250% in just under 3 hours. But we weren’t just trading SPX. We were also trading a cheaper version of this - the XSP - and we made even more… Traders bought the XSP August 22, 2022 $415-$414-$413 Put Butterfly for $0.13 at 1:11 p.m. Traders sold half at $0.28 at 2:04PM—> 115% Then sold 25% at $0.83 at 3:35PM—> 538% And it expired at $0.80—> 515% For a massive weighted gain of 321% in just under 3 hours - and you only needed $13 to get in this trade. Here’s what makes these trades even BETTER besides the profit potential… SPX and XSP both settle in CASH - which means, at expiration, you aren’t assigned a stock - you get cash in your account instead. What could be better than that? I trade SPX and XSP as same-day expiration butterfly trades, which are a bit more complicated than my typical calls and puts, so take a look at this video where I deep-dive into butterflies and how traders can use them to profit. Until next time, Mark Sebastian P.S. Something Huge is Brewing Imagine doubling your investment - daily. With my new strategy, I have been working to do just that, risking about $140 per day. At 7 p.m. (ET) on Wednesday, September 7th, I want to tell you all about it. [Get your seat right here...]( So you don’t miss out.   FEATURED ARTICLES [Big Paper Bought 18,500 Puts in NKLA]( Big money can trick you. Yesterday, I saw a massive 18,500-lot play in NKLA. But this big-money trader wasn’t just playing straight calls or puts… They were playing both: [Big Money Is Shorting the Market]( Big money is shorting the market… I saw this trader buying a massive put spread in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG). [250% and 321% in Three Hours]( Our daily expiration trades on SPX and XSP aren’t always winners. But when we win, we win BIG. On Friday August 22nd, we hit a wild one...   GET STARTED [The VIX: My Biggest Moneymaker in 20 Years of Trading]( The VIX is actually the single-biggest moneymaker in my trading arsenal. And in this report, I’ll tell you exactly how to use it to your advantage. [Asymmetrical Returns: The Secret Key to a Winning Portfolio]( I’ll show you how to control thousands of stock shares for a few hundred bucks – and how to turn that few hundred dollars into a few thousand over and over again. [Build the Perfect Option Trade with Implied Volatility]( By using implied volatility, you can build the perfect, cheap option trade to hand you an asymmetrical return. [The Double-Agent Strategy: Spying on Wall Street and Retail for Big Bucks]( We’re spying on Wall Street by using something called two-factor trading authentication to find 1) popular sentiment that’s backed by 2) massive money. With these two boxes checked off, this technique can work every time.   I’m Investing $100k in Crypto on September 12 [Watch Me LIVE]( Check out my [Ask Me Anything]( page. I’d love to hear your questions about options, volatility, big money flow, and trading. [Send me your questions right here.]( [Thursday, September 8: Hedge Fund Legend Reveals Historic Waterfall Trade]( Hordes of deadbeat, debt-ridden companies are headed over the falls – and the Fed is out for blood. This month, TRILLIONS of dollars will be put into motion as the Fed begins draining $3.3 trillion of bank reserves from its nearly $9 trillion balance sheet. Former hedge fund extraordinaire Shah Gilani is going to unleash a trading barrage on a slew of these nasty, rife-with-debt companies. [And this Thursday, September 8 – he’s going to reveal the *NASTIEST* one on his radar.]( By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. 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