Example: 0DTE Put Scalp | Chris Griffis

Trade Details

Field	Value
Date	2024-11-29
Time	10:15 ET
Symbol	SPX
Strategy	0DTE Scalp
Direction	Short (Puts)
Instrument	Put

Position

Field	Value
Strike	6050
Expiration	2024-11-29 (0DTE)
Contracts	2
Entry Price	$4.20
Exit Price	$6.80
P&L	+$520
R Multiple	+1.2R

Analysis

Pre-Trade

Market Context:

VIX level: 14.5
SPX daily trend: Uptrend, consolidating at highs
Key levels: 6055 resistance, 6040 support

Setup:

SPX rejected 6055 resistance for the 3rd time
Volume increased on the rejection
VWAP starting to slope down

Risk/Reward:

Stop loss: $2.10 (50% of premium)
Target: $6.30 (50% gain)
Planned R:R: 1:1.5

Post-Trade

What Happened: Entered puts after clear rejection from 6055 with increasing volume. SPX dropped to 6042 within 20 minutes. Scaled out 50% at $6.30 (50% gain), then trailed the rest. Exited remaining position at $6.80 when momentum slowed at the 6040 support level.

Execution Grade: B+

Entry timing: A (waited for confirmation)
Exit timing: B (could have held for more on first scale)
Position sizing: A (followed rules exactly)
Emotional control: B (slight anxiety during pullback)

Lessons:

The setup worked exactly as documented in the playbook
Scaling out at 50% was the right call - gave peace of mind
Could improve patience during the initial pullback after entry
Resistance levels with multiple touches are reliable

Notes

This was a textbook setup. The key was waiting for the third rejection rather than jumping in on the first touch of resistance. Volume confirmation was crucial.