0DTE Options Strategy EXPLAINED | Make 100% Daily
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- เผยแพร่เมื่อ 30 ก.ย. 2024
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See the adjustments and strategies that can help you generate weekly and even daily income using options! Selling shorter dated options can generate a faster income stream than longer dated options, understand how they work and the risks. See how trading short-dated options that expire the same day differs from trading any other options strategies! You will want this powerful tool in your toolkit, so don't miss out!
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#optionstrading #technicalanalysis #technicalindicators
Great video again Tony! I'm celebrating a $600K Dividend portfolio today. I went all in with about $150,000. Have invested much time and money into this. I am also with the right Investment Advisor, who handles my portfolio and executes my trades. Now I have steady dividend income and time for my family as well❤✅
Amazing! I have Liquid $150K to put into stocks, but I want to ensure good profits & safety. With tons of Advisors now, how did you find the right Investment Advisory?
Holy smokes congratulations. Investing can be complex so it's smart to get professional guidance when building your financial portfolio
she is popularly known as Essmildaa Morgan. just look her up.
Essmildaa Morgan is well known, just look her up.
Absolute BS that indices go up 60% of the time across all time frames! On a per day basis it's more like 51%.... It only significantly increases statistically after about 3 weeks or greater.
Honestly I admire your work this is just great, that’s why trading and investing is profitable when you got good guidance like mine
Theresa option
Seen some good reviews on her , how do I connect
She’s mostly on telegaram with the name
You jusgive her your money and make her richer with your money.😅@@vaderaspen1357
Nice explanation Tony. I've just cracked $800k trading options with a financial advisor who manages my investment. It's an approach I recommend as well.
Thank you for sharing this. I've searched the web for this Ann you mention. she's quite competent. I was also able to reach out
Bullshit@AnitaGarba-xv5xb
If you are being real please send me the information please
Great video. PLEASE do another video specifically focused on the Straddle/Strangle Swap. A few questions:
1. What’s the reason for buying the Strangle at 30d vs some other expiration (e.g. 45d)? Meaning would there be better odds if longer exp were chosen?
2. If trading SPX (not SPY) we can just let the 0DTE Straddle expire without having to close (and incur additional fees) but close out the 30d Strangle, right?
3. Why collect 25% of max profit and do again versus letting orig trade ride and potentially collect most or all of max profit if trade continues in our favor?
4. What causes a trade to not work, price moving up vs down, or is it volatility increasing (price moving too far/fast in one direction?
My questions show why my suggestion for a specific video on this strategy. Thanks again!
Definitely interested in watching a webinar to learn the metrics and indicators to help analyze 0DTE.
Thanks for all the feedback, will incorporate this into next week's webinar. Please join us live on Thursday 3/28 @ 4:15PM EST for that session. optionsplay.zoom.us/webinar/register/5017114193914/WN_CHwArKziRi61-9Ye2dKRgw
Super useful video! THX!
love to learn more about the 3 indicators + further much advance strategy on 0DTE!
Thanks for the feedback, we will incorporate it into next week's webinar. Please join us live for that event @ OptionsPlay
You are so very thorough and succinct! I love your style and how well you explain things. Give credit where credit is due... Thank you sir.
Fantastic presentation! You got a subscriber for life
Awesome, thank you for your support! Let us know if there is anything that you need from us.
One of the most important strategy ever! It helps me to keep emotionally engaged and work with more selective on others strategies on 45DTE.
Anyone selling 0 - 1 DTE vertical spreads. Like and comment! Want to share some experiences.
Im
@@singhh9090 nice man. How long has this been apart of your strategy ?
I do it daily. Way otm.
Useful video especially the straddle/strangle idea....need advanced trading permissions for it.
You only need Level 3 (spreads) to trade that. You do not need the highest level 4 or 5 since there is no naked exposure. So if you can sell a credit spread, you can trade the Straddle/Strangle Swap strategy.
@OptionsPlay, Thank you for the great video. If you can cut off your one hour video to less than 30 minutes, it would be awesome. I believe that you will get more subscribers, more thumb-ups and more sharing for sure. Just my opinion. Thanks anyway!
Need a video on analyzing intraday move please
Thank You Tony. I've been following you for a long time. I appreciate how you break everything down, slowly and methodically. It makes a BIG difference.
I have a ton of questions. I think it would be awesome to see you "in action ", pulling off trades, (winners and losers) " Live ". From start to finish. Daybreak to Close. Probably asking a lot. 😂 Many of the strategies you put forth, work like a charm. But, I'm going to guess you (and the others) Morph trades on a dime. Something that is hard to pick up without many years of trading experience. Maybe this is a reach, but a Class on " Morphing " ?
Thanks Again!
Thank you so much for your support! I will continue this method and will take your feedback into consideration. However, remember that 80% of days are "boring" and we're just selling a put credit spreads like today.
What about using options on futures e.g. /ES & /MES vs ETFs and indexes?
I think playing Russian roulette is more profitable.
Hi Tony. Love your videos. But can you play make it a little shorter and please work on the audio, there's a hissing sound. Thank you
For the double diagonal Strangle Straddle swap, what is the recommended exit criteria if the straddle goes south? In this case should you also sell the Long Diagonal as well or sell a fresh Straddle?
There is no exit if it goes south, you simply hold to expiration and close at the end of day. You only manage winners. Because the downside is somewhat hedged with the long strangle that you own.
This is a great video. Thanks. It would be the best if you can do a video on 0DTE Straddle Strangle Swap in more details.
Thanks for the feedback
Awesome strategy, would love more insight on strategies specifically selling strangles
Opposing 0 DTE straddle professionals are selling strangle 2 week out instead of 30 days which is mentioned here
You could use 2 week straddles too, but you’ll pay a little bit more in time decay but get better delta offset.
Thanks for the valuable information. I'd appreciate if you could provide P&L statistics as well. As an Option's trader, risk, which in these cases is defined, average P&L and POP are the most important parameters to consider before taking on any trade.
Noted. Great suggestion!
I don't see the 0 DTE on TOS. Is this a certain set up to be able to trade? My current set up only shows 4 days DTE on my options chain. I didn't see it on Webull either. I have a portfolio there as well.
If you use SPY, QQQ, SPX, NDX, XSP, XND and use the options chains there are daily expirations for all of those products. It depends on the symbol that you're trading if there are daily expirations listed.
I'd be interested in more info on these indicators. Maybe set up a different workspace for days like these. Not something to do every day. But we agree these trades aren't available every day either. Not sure how many showed interests in the indicators. But count me in if you have time to do this. Just gives another line of trading to the arsenal. of course, we would need some sort of strategies for it as well. Thank You for what you do Tony. I am a opionsplay member, but your efforts are greatly appreciated.
Yes, I suggesting having a completely different charting template for day trading indicators.
Thank you very informative.
Another great educational video. Thank you, Tony.
Thank you so much, glad that you enjoyed it!
What is the benefit of buying a 30dte strangle for protection over a 0dte strangle since the 0dte would be cheaper and give the same protection?
Because the 30 DTE strangle would not decay relative to the 0DTE straddle that you’re short. If you bought a 0DTE strangle that would 100% to zero at the end of the day. The idea is to buy protection but pay virtually no time decay.
@OptionsPlay hey, thanks for the reply! But wouldn't the time decay of the 0dte long option accelerate the overall profit. For example, if you aim to mechanically take profit at 25 or 50%, I would think it would happen much quicker with 0dte long options as opposed to something longer dated. Obviously I'm missing something. BTW, you guys do an incredibly good job on these videos!
@OptionsPlay I think I get it.... you buy the 30dte options precisely because they lose very little, if any theta. That way, you buy back the shorts much cheaper, but when you sell back the longs, the main mover of price is delta. Therefore, they'll have more value when you close out. Is that thought in the ballpark?
@@zadokmotorfreight2423 Yes take profits at 25 or 50% would happen much quicker when your protection is 30dte because 0dte shorts decay much faster. You got it in your second to last comment.
Just bear in mind 25% profit would be relative to the shorts not the entire structure, since most of your premium is on the longs now (but you'll get them right back as soon as you close the position)
Great Explanation and Knowledge
there is a minor problem make sure your audio that's only noisy a bit but Video quality Awesome.
Keep it up
We had an audio issue on that session that I believe will be resolved going forward
Awesome video! From your backtest, do you see most success opening the position at start of market (9:30est) or later once you find direction?
I find it better to wait at least to 10, but preferably to 10:30 to be confident on who has control.
Your ability to explain these fundamentals and strategies remains second to none .
Thanks
Thank you so much! Glad to have your support. Please let us know if there is anything that you need from us.
Great Video! Thank You!!!!!
Im trying to make sense of the point Buy 30 DTE 20 Delta Strangle since strangle consist of buying a put and call of different strikes but same expiration date what would the 20Delta be for the call or the put. The same issue with the term Sell 0DTE ATM Straddle since straddle is buying same strike or are we talking about short straddle. If you would elaborate please. Thank you
Need better sound system sir
Great video. Thank you.
Great video, just one question. Looks like the strategy of selling 40 delta credit spreads has essentially the same curve and risk profile as the index itself. So why would I do that instead of just holding SPY, which would be much easier?
had n o idea about playing buys and sells wow thats a game changer! see you at the top
Hi Tony, can these 3 strategies applied to 1 DTE for those who can't trade 0 DTE with less than 25K due to pattern trading day regulation
Yes they can. However you still do not want to hold the last strategy overnight, it kills the profitability of that strategy. The rest of them you can use 1DTE.
@@OptionsPlay thanks
Kindly provide some examples of 25% max gain for short straddle?. I couldn't properly understand this 25% max gain. Thanks in advance.
I have a quick question.
When you buy the 20 Delta Strangle do you buy each independent leg with a 20D or both legs combined with a 20D?
the idea of buyers vs sellers maintaining control for a whole day is dangerous-- things change at any time; just this past thurs (apr 4) there was an almost 3% flash crash from 1p to end of day, no big news or anything.
Also, 'bull put only' is silly. Just open your long side way up if you're worried.
Also, can you explain the benefit of a double diag vs IC in 0DTE? I know the IC is mostly IV neutral where the DD is not.
Great information presented, Tony! For the straddle strangle swap, I assume if you get to the 25% of max gain BUT the market is just moving sideways (near the original strike) it's just as well to keep the position as is. Otherwise you'd be closing the straddle and opening it up again at the same strikes. Are you okay with putting in an OCO order so if/when the straddle hits 25% max profit it will close the straddle. That way you're not baby sitting the position. I've been doing the iron butterflies on SPX and it consumes a lot of time and attention. I feel like it would be good to incorporate OCO orders into it.
What kind of account do you recommend for swap strategy? Cash or margin? And level 2 level 3 option trading?
Listen this is going to get a lot of folks into trouble. Just like what happened right before the GFC. Make sure you know the risks before you do zero day options, it could take you out.
They are hip to us making money on ODTE options and have jacked the costs and sped up the decay so it's in and out in less than 5 minutes or they eat you alive...
All smiles Tony. It seems like it was just yesterday when you were sharing awesome content while cradling him. May revisit 0 DTE with these spreads. Blessings to you and your family.
Thank you for the super awesome video! It's amazing that someone is willing to post these real good useful materials on YT 🥰
I am a member and had a few questions about the 0 DTE Strangle Straddle Swap
1. Is there an ideal time of day to start trading the first pair of options?
2. With so many legs, is there an ideal platform for fees to trade this strategy?
3. Does VIX factor into deciding to trading this strategy or not on a give day? If so, what level?
4. Should you avoid trading this strategy on days with news such as PCE or fed day?
5. Are there loss % target we should use for the trades to get out?
6. Would it make sense to add more number of contracts to trades to get higher dollar volume of profit or just trade many of them over days to reduce variance and make more over time?
7. For SPY ,are there certain times of day that have been back tested for low volatility to perhaps optimize entry for these trades?
Yes you want to start at 9:30am. There are a few lower cost platform that either charge very low per contract fees and some that charge no fees per contract. We also are launching a partnership next week with a broker that is giving our customers a 40% discount on contract fees. Stay tuned! Because you’re trading vol arbitrage between the short and long dated VIX it doesn’t really matter where VIX is
Kent from Indiana
More on intraday indicators webinar plz
Thanks for the feedback!
Oooohh you have a two year old. God bless her. Daddy is working hard here to keep her happy and us educated!
What!!! Don’t manage your losers? What is your win/loss ratio?
Hey Tony, thanks for the content! Did you all ever make a video on the intraday internal market breadth indicators that subscribers can view?
Beware, if you short index option during volatile period of time, your broker may close out your short position you without getting your approval. You'll be notified after the fact.
What do you mean? What if you do credit spread?
Too much talk little material
And yet you _still_ didn't understand a word of it...tsk tsk tsk
31:10 id never buy atm for 0-dte or 1-dte.
you bore me a few minutes into this and i left
is this video about buying 0DTE options OR selling 0DTE options?
According to the episode title, he is merely 'explaining' them.
This all makes a lot of sense! Thank you!
Thank you..this is a Treasure.
Very good video. Thank you
Please improve your audio 😢
straight out of Tastytrade eh
Great session.
Wrong slide deck in description
Hi! Those are awesome strategies. It would be great if you could go into more detail about put credit spread risk management and entry points, especially for situations where the market moves against you, even though you previously mentioned not cutting losses.
For 0DTE options, managing losers by cutting losses at 100% and 200% of the credit received has not shown to increase performance. By locking in a loss with a stop loss, you also remove the possibility of the strategy turning profitable again. Remember with such short dated options, a very small move in the underlying can cause a large swing in the P&L of the position due to Gamma. So in short, don't manage losing positions when you already have defined risk. Just trade the appropriate contracts so that even if you have 100% max loss you are okay with it to trade another day.
Thanks Legend @@OptionsPlay
How to avoid PTD status with these strategies?
Trade in a cash account
Thk you sp much
25:50
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0DTE Options Strategy EXPLAINED | Make 100% Daily"
OR LOSE 100% DAILY.
Irresponsible Scamsters only put the 100% GAIN in the title.
LOLZ
Agreed. It very risky.😢
😂😂
He is teaching those who choose to use this strategy. The risk is implied.
46:00
23:00
Spy is 90% chop or so it seems I just say a perfect setup and the max profit for 1 contract was 5 bucks With ATM or 3 OTM calls before going back to purchase price 26 min later. WoW
It’s a very efficient strategy, otherwise also called a double diagonal.
Far far too much talking
..and yet you still didn't understand a word of it 🤪
please try to keep video under 30 mins. you videos are painfully long.
Cry me a river
I am from Barranqyulla . Colombia
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