How to Exploit 1 Hour for Credit Spreads Each Day

by | Dec 1, 2025

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Most traders watch the market all day without realizing there’s a rhythm to it — a pattern so reliable that once you see it, you’ll wonder how you ever missed it.

I recently broke down the S&P 500’s total returns by hour of the day, and what I found is something you can use right now. Every single hour of the trading day is either neutral or bullish — except for one.

The opening hour from 9:30 to 11 a.m. ET is positive. Then comes 11 a.m. to noon — the only negative hour, and the period where the market most often bottoms around 12 p.m. That midday dip sets the stage for what comes next. The afternoon sessions from noon to close tend to drift flat or higher.

That predictable lunchtime trough is the key. Once the market stabilizes around midday, the afternoon behavior becomes remarkably consistent, and that consistency creates a setup you can trade.

The 2PM Daily Income Trade

Here’s how I use this pattern: I place a 0DTE (zero days till expiration) credit spread on the Invesco QQQ Trust (QQQ) at 2 p.m. ET each afternoon. It’s simple — sell the 15 delta put and buy the strike below it. Then let it expire at 4 p.m.

No day trading. No guessing. Just playing the natural rhythm of the afternoon session.

This basic approach hits with an 82% win rate. And with a $2,500 position size, it typically delivers $400 to $500 in income that same afternoon. Scale it up to $5,000 and you’re looking at around $1,000. Start with $1,000 and you’re targeting about $200.

That’s the baseline. But there’s a way to make it even better — and it only takes a few seconds.

The One Filter That Doubles Your Returns

If you want to level this strategy up, only take the trade when the current price is trading above the 10:30 a.m. high price. It’s a simple filter: Check the high from the open through 10:30 a.m. on the SPDR S&P 500 ETF Trust (SPY). If we’re above that level in the afternoon, you’ve got the green light.

That small adjustment has a big impact. It raises the win rate from 82% to 86.1% and doubles the total account return. You’re not trading more often — you’re just filtering out the weaker setups.

This isn’t about predicting the market. It’s about respecting the pattern and letting probability work in your favor. The afternoon drift is real — and now you know how to trade it.

You don’t need to watch screens all day. You don’t need to overthink it. Just follow the rhythm, place the trade and let it work until the close.

Graham Lindman
Graham Lindman Trading

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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. Ready for What the Fed Might Do on Dec. 10?

I don’t think many retail traders understand the turmoil we’re heading into over the next couple of weeks.

Right now, the Fed is set to make its second interest rate decision WITHOUT having access to any critical data!

Which means, whether Fed Chair Jerome Powell decides to cut, hold or pull a 180° with a rate hike, the market won’t take it lying down.

We might see some of the market’s favorite names slump lower while unexpected stocks spike… or vice versa.

But what I do know is that the traders who know how to target cash in the midst of chaos will be the only ones eating well.

Them and those with pure blind luck on their side — so if you think you’re feeling lucky, more power to you.

But if you’d like to see how smarter traders have been leveraging chaotic markets for cash opportunities…

Then I’ve got THREE critical trading files you should see right now.

These files contain techniques that are designed for the kind of volatility the market is heading into over the next few weeks.

We can’t make absolute guarantees, of course, but if you’d like to get your hands on them…

Here’s Where to Go Now

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