SPX 0 DTE, Made $217 using $2k in 6 hours

📍In this video, we swiftly executed our call-side strategy right at the market open. Within 40 seconds, we secured a position at 4615/4625 with a premium of $0.55.
Subsequently, we shifted our focus to the put side. Initially, we aimed for a put spread at 4550/4540, but as the market trended upwards, the premium dipped below $0.50. We promptly adjusted our position to 4555/4545, and within moments, the position was filled at a premium of $0.55.
By the day's close, both positions had reached their expiration, resulting in a profit of $217 after accounting for commissions and fees associated with the initial trade placement. Notably, since the positions expired, there were no further commissions or fees incurred during the closure of the positions.
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[@SimpleOptionStrategies]

Download my Free SPX Trade Plan: bit.ly/3fH2Oiy

[@27gurmit]

What’s your win/lost rate on 0DTE and how often do u carry out live trades?

[@nunuland]

Hey Al, what were the short strikes’ deltas on that? Looks pretty NTM, no?

[@shiqilu1605]

Hey Al, I wanted to ask you, from the 7DTE video, how do you usually manage your spreads when they end up in the money due to big market move or gap?

[@Eqnotalent]

Have u made a video on 0dte the day one side gets blow up early or late of the day?

[@SimpleOptionStrategies]

No but it happens and I will post when it does.

[@EMo5ive]

So you sold an Iron Condor? So much left to be desired here.

[@SimpleOptionStrategies]

Placement makes a big difference. Learn that and you’ll make better trades.

[@user-ht7jt2gr5j]

Al, since you decide your Strikes as well as the Premium for your Spreads few minutes before the Market opens why not Submit your Orders few minutes before? Why are you waiting for the Market to Open? As you know the first few seconds upto 9:32 AM EST there is Max volatility. Why not use that to Fill your Orders for a even better premium.

[@ryanryan6050]

How would he know what strikes to use, we wouldn’t know where SPX is going to open. Wouldn’t this be like trading blind……

[@user-ht7jt2gr5j]

@@ryanryan6050 -- for those who are subscribed to his Newsletters, Alerts he sends the Strikes few minutes before the market opens. There are not blind strikes. They are based on Vix, USD, Futures movement overnight etc. So they are well analyzed strike numbers.

[@SimpleOptionStrategies]

Because even in those one or two minutes before the market opens, the placement can give a bad fill. You’re gambling in that case.