When the VIX spiked and SPX started cracking below support yesterday, Chris Pulver didn’t flinch.
He welcomed the drop — and started bottom picking.
Chris set up a zero-day SPX credit spread aiming to catch a bounce right off the 6,200 level.
His trade structure? A 6,200 by 6,195 bull put spread, targeting a juicy $2.75 credit on a $5-wide spread.
That’s more than half the width — and in his words, a shot at a 10-to-1 or even 20-to-1 payout if filled and held to expiration.
“I’m going to risk less than what I can make on the trade if I’m right.”
But this wasn’t a reckless lotto ticket. Chris’ trade was a masterclass in fading volatility in a calculated way. He used the rule of 16 to convert the VIX into a projected intraday move, then plotted his levels based on that.
The spread didn’t fill — but that’s not the point.
The point is: when others panic, a trader like Chris is already working the levels, calculating bounce zones, and building asymmetric setups before the market turns.
Even though this particular spread was a 0DTE play, the takeaway is timeless:
Let volatility work for you — not against you.
Catch the full replay here.
To your prosperity,
The ProsperityPub Team
🎰 Did You Catch This?!
While Chris was stalking a 20-to-1 bottom-picking trade…
Alex took a different approach — and shared the exact scanner he uses in ThinkOrSwim to sniff out high-premium setups without trying to time the bottom.
It’s built for markets just like this one — when volatility starts creeping higher and premium sellers start to salivate.
See how Alex scans for edge in choppy markets!
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