Zero Days To Expiration

When you trade with asymmetric risk to reward, in other words when the risk is very small compared to the potential reward, you are trading with a positive outcome. So, even when the odds are against you, you can expect an overall positive outcome. This is one of our primary advantages, where most traders simply have no idea.

There has never been a trading strategy with such low anxiety conditions. All due to the amazing risk to reward trades we enter into. And you can get in and get out very quickly with decent profits, or you could decide to hang around until the end of the day for the big kahuna return. Is it worth it?

When a trader creates an options strategy or any kind of setup, they are thinking what is their ultimate risk to reward, what is the worst case versus the best case. But the reality is that 95% of trades end up somewhere on that spectrum. Isn't that where we should be putting all our efforts?

As a day trader you have lots of options, pun intended. But most of you choose to trade things like forex or futures or even penny stocks. None of them have inherent edges built into them, neither do they have premium and volatility as drivers to leverage price. Options have that, and trading the 0-DTE increases that leverage by orders of magnitude, making it the most effective way to day trade.

We use Volume Profile for all our technical analysis prior to modeling a trade with options, and find that open interest always correlates well with the profile. We use this additional OI information to determine the possible max pain points at expiration. This greatly increases our chances of pinning the trade.

Liquidity is the biggest problem these days for the options trader. You enter a trade thinking you have a shot at collecting some rich premium, and then the trade dries up, everyone goes home and takes their ball with them. Using Max Pain we can identify these traps and find places where we can avoid getting skunked.

Have you ever heard of a tranche in trading? It's a weird French work that simply means part of something. In our case it is part of a trade or an opening position. In this episode I explain how crucial it is to master your tranches.

Let's face it, there's something called systematic trading, which we all at some point think that there must be some well thought out system that works, all we have to do is become a computer and execute with deft precision. Then there's the discretionary trade, where we use SWAG.

Most traders have fallen into the trap of over trading, or trading too big, or making a fat finger mistake. The day starts, the routine begins, and you are set in motion looking for the opportunity to enter the market. Sometimes the setup isn't there, but you drudge on. There comes a point where the process comes to a dead end...that is what this podcast is about.

They say there's more than one way to skin a cat...well there's also more than one way to trade the last day of expiration. By the way, who's skinning cats?

Are you one of those people with trend lines thrashing your charts and rows of indicators squeezing you candlesticks to the top? Then you need some serious help to rid yourself of all that garbage that has no edge and that secretly confuses the hell out of the experts, though they pretend like they can explain any ambiguous reading. Then you need Volume Profile and completely eliminate all your in...

Do you remember that game we played as kids at birthday parties? There was a picture of a tail-less donkey stuck to a tree, you were blind-folded with a tail with a pin, they spun you around and then pointed you in the general direction of the donkey, and your goal was to pin that tail right where it belonged. If you did it, you won the big prize. Woo Hoo! That is the essence of asymmetrical tradi...

A conversation with my friend about how those unexpected things that happen, truly extraordinary things, that we claim never happen, yet they happen all the time...weird!

Our trades are vega negative and theta positive. What does this mean? It means that when the market drops and volatility spikes, we smell opportunity, and we seize it.

Brand new year.

Yes that's right, we are minimalists here at 0-DTE, we believe that trading less results in more profit. It is our motto, it is our way, to be unattached to every trade, because we know that no single trade can break us, however any single trade could make our month...so we don't screw with trying to win every trade, we just let our asymmetric strategy and edges work in our favor.

Look, this is obviously click bait, or is it? Everyone wants to know if they can make money with your service. So I tell them of course you can; then they want to know how much can I make, how fast can I make it, how much do I need to start, what kind of commitment will it take...the questions come streaming in. So, this episode I'm going to tell you exactly what to expect starting with a small ac...

There are several 0DTE services out there and many wanna bees, that are all trying to capitalize on this new day trading strategy that promises real alpha. However they are all stuck in the old way of trading. It's as if they just can't let go of the things that have caused them to fail...kind of like the Helsinki Syndrome, where there's this unconscious drive to fail or self destruction, in leu o...

If you have found some success in trading, only to relinquish it, time and time again...or perhaps you have never really been a winner and find it a constant struggle...no matter what you do, whether you follow all the precepts and TA and waves and price action...and none of it delivers consistent success. Then you need to be reprogrammed. Kind of like leaving a cult. 0-DTE will do that for you.

Zero Days To Expiration is the end of life for an options contract but it is the beginning of a wide range of services that have popped up that trade S&P options on the 0DTE. There's a dominant strategy that has emerged and virtually all these services have adopted it, except one. And that is the focus of this episode, a short intro on 0DTE, why people are trading it, and how they compare to our s...

In this episode I broadcast while trading, and about to realize profit, describing the gyrations and high quality problems you face during high volatility situation with the 0-DTE strategy.

There's a new strain of the Corona Virus that may inject much needed volatility into this market. Just how does that help the 0-DTE trader? We examine that in this episode.

Everyone is doing Black Friday Deals for their special service, so why should we be any different? It is the parlance of our times, right dude?

Trading at ATHs is perhaps one of the most difficult things to do because volatility is super low, the market is on steroids, people are elated. but fearful of a pullback at the same time. So, you need to be extra flexible, and play multiple scenarios at once, while still maintaining an asymmetric risk to reward.

This video is an overview of the trading style of selling option premium on the last day of expiration specifically for the S&P futures and Index as the underlying asset. I will describe the opportunity, the strategy and methods and what you can expect from employing the 0-DTE Service.