How Would a Pro Trade $5,000 in 0DTE Options?
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- เผยแพร่เมื่อ 30 พ.ค. 2023
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📝 Description
Discover trading secrets for people with small accounts who want to trade on the same day they buy stocks. In this video from tastylive, learn how to trade with zero DTEs without breaking the bank. You'll learn about cheaper and smaller alternatives to SPX, and get tips on how to trade efficiently with a small budget. With advice on notional value and settlement, this video is perfect for anyone looking to make a quick trade without risking too much. Discover how you can trade smarter and start making profits today!
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Small accounts should not be afraid of trading defined risk in futures especially if trading zero DTE as a way to avoid PDT rules. Better BPR with span margin too. I started there and am still 75% futures trading in my portfolio. Great stuff as always
Don't forget SPX, XSP, /MES, and /ES have better tax advantages compared to SPY and QQQ.
I agree with you 100%. Have been selling puts and covered calls for years now.
Great work gents, thanks very much! Kirby
Excellent video. Thanks
I have a few TastyTrade accounts and would like to trade 0DTE SPX Butterflies after the open. Is there a way to set an OCO order so that I take profits if I see a $1.50 profit or take losses if it trades at a $4.00 loss? I've been paper trading this and I will make profits 9 out of 10 days. But if I take a max loss, it would wipe out all those gains. The key to this trade is taking the loss and not let it run. So how to I enter an OCO for butterflies?
the problem with spy and the q''s is that your return on long otm options is really minimal most of the time-- spx you can buy even 1 otm long option and get a decent return if it moves in your favor
Thank you for another very helpful video. I've been trading options for over 41 years. (I was a stockbroker 1982-1988) and I can honestly say that you two are the best in the business. "Thank you" for all that you do in educating the public. I'm a huge fan and will be opening an account with your company w/in 30 days.
"Bat" : Thank you for your very important input... Tom: "Thank you" for allowing Tony to speak ! (lol) and confirming his observations. Looking forward to using your platform and doing business with you.
How much money did you lose in these 41 years? If you still keep watching TH-cam videos on the subject then it looks like you are still trying to make it. But the chances are as good as in Vegas, just that in Vegas you would have more fun. I am a professional trader but never ever touch options because there is no edge for traders (buy side). The only edge is on the sell side: if you want to make money with options you should be writing options and selling these to all the gamblers and pocket the premium.
@@tzvassilev and if you listened to tasty they are mostly selling. Buying can be used to hedge. You cant just assume the guy above lost a bunch of money.
If you let the trade expire on the same day you opened it, it is not considered a day trade.
I don’t think that’s true. I know for SPY market makers have to close it for you so it will have to be closed which still counts as a day trade. I’ve tried this and was hit with a 4th day trade 2 years ago on Tasty. You might want to call broker to make sure.
Does this work on after hours trading ?
/MES is cash settled, IIRC. The slide with that information appears to be incorrect. Good presentation. If you let an SPY or QQQ option go to expiration/settlement, does that count as a closing trade for the day? If it's not the completion of a round trip, then the PDT (dumb dang rule) counter stays static.
arent u assigned /mes futures? letting any optopn expire does not count towards pdt.
It can be if your broker closes out your trade (like robinhood). I'd stick with indices, that way, you can let it expire worthless on the same day without fear of auto-liquidation/close.
@@Sir_Pumpington_Of_Dumpenshire Robinhood is the first problem with any trader. They stink. Cost a friend 20K+ closing the short legs of spreads on expiration friday. Garbage broker.
They wouldn't
What brokerage platform do you recommend using? Robinhood does not offer spx
Tastytrade or TD ameritrade
lol
Can I get roll in /MES options?
I'm confused as to why on my platform SPX is NOT cash settled and thus requires huge margin...can anyone lmk why an instrument is cash settled in some cases but physical in others?
Cash settled does not exempt you from requiring buying power! CAsh settled just means that on expiration day you will not be assigned shares of stock!
How about the comissions on XSP and MES?
Yes
I love XSP - Mini SPX 🙂 Quite straightforward 0DTE naked put trading
I do both sides, strangle.
Naked on xsp for 5k?
are you learning about forex too?
So do we let options expire on SPY so that we dont get hit with PDT?
That's why I would do either SPX or ES since they have no day trading rules
@@Nickc86 for SPX, PDT applies
You could always do a Box trade to lock-in your profits, then let everything expire.
@RealTradesStockMarket what's a box trade? RH banned those iirc.
NICE!
What I am saying is it is not a day trade violation
I think 0DTE options needs to be directionally correct. Normally short DTE options require you be somewhat directionally correct. Longer DTEs like 30 or 45 are more forgiving.
no they dont
Yea but you also have to put up way more money to buy 45 days out.
Say you put $1000 on a 0dte put and stock goes up and you lose $500.
Or put $10,000 on a 45 dte, Stock goes up and you lose about $500 maybe $1000.
Maybe that’s just my experience but for me the farther out it is the less percentage I’ll lose, But it’s more expensive so it evens out.
This only explained what products to trade with 5k capital
I do not get how MES is 5% and XSP is 10%. A june ATM put is around 4000$ for MES but 586 for XSP?
What is /MES can't search with mes symbol
Look for MESM4
Less Open Interest than SPX though
Are NDX options liquid enough for 0dte creditspreads? @tastylive
💪
I'm concerned with how many people are doing this. Surely the opportunity has limits, it could become unprofitable.
Who lets you trade strangles in a $5k account?
Nvm I didn’t read it closely
Shouldn’t this guy be rich or something
A pro wouldn't bother to trade 0DTE options. Why on earth pay all the premium and be exposed to sudden intraday volatility spikes or sudden volatility die off? Trading is hard enough without all the small screw ups related to 0DTE...
lol
oh boy. "PROS" aka introduced the 0DTE cause they know how to actually use options and make money.If you know you know
@@hassanabbas221 If you refer to the sell side, yes these are pros and they make money because all the edge is on the sell side. Retail traders should not be touching this.
you don't. You get hit by PDT
Pros wouldn't have accounts under 25k!
Box spread
@@dieselviper7811 nah it ties up margin won't it? Might as well convert into butterfly
@@zo9fg ooh yeah that’s what I trade on 0dte I’m not sure I would do that for credit spreads. When I did those I used to just alternate accounts to avoid pdt
@@ricomajestic: Regarding your comment "Pros wouldn't have accounts under 25K". That's what you think Rico. My account was a little over $25K and I doubled it to over $58,000 in 2 months. I (mistakenly) started trading more aggressively (different strategies/ larger quantities) and I was humbled after a few draw downs and lost all of the gains. Now I'm on my way back up again; making consistent profits and great returns. So your observation is wrong.
As a professional trader who knows what works and what doesn't it really makes me angry to see these talking heads spreading absolute garbage: none of these "strategies" work in the real market. Therefore you will never ever see any of these "pros" trade real account and share the outcome. It is just bs and unfortunately many people will try it out with real money just to lose it.
What would a pro trade ?
what works?
what works then
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