Zero Days To Expiration

Our primary strategy when trading the last day of expiration on options with the S%P is the Butterfly. We use symmetric, broken wing and unbalanced butterfly strategies. Our technique is to place them way Out of The Money (OTM) and then collect premium if price glances its wings, or decides to go for the heart of the Butterfly. Every once in a while the butterfly gets away, or more precisely, pric...

One of the biggest challenges for traders is making profit when volatility is super low, because the trading range is small. But the Butterfly has a few tricks up its wings that can turn these small ranges into cash generators. Watch this video to find out how.

The biggest disadvantage trading the last day of expiration of options on the SPX has always been that you can't trade around the clock, and there's no volume from which to conduct analysis. Well, around the clock trading will no longer be an issue after November 21st. The SPX will trade along side the E-mini futures with 23 hour a day trading. This presents a huge advantage for us 0-DTE 'ers. Joi...

These markets have no quit in them, even when they are completely devoid of life, like a zombie they drudge along with no mind, no spirit. And even though the market keeps going up it feels like it shouldn't, because the economic news is less than inspiring, mixed at best. But today was one of those days that after a positive Jobs Situation report, it appeared to lift the market, only for it to be...

The butterfly Strategy is perhaps the most flexible options strategy in the main stream, yet everyone trades it completely wrong. In this episode we will show you how to kill all those conventional norms and use the distort and even obliterate butterfly conventional strategies to rake in massive profits.

I'm sorry to all my listeners for missing Wednesdays Podcast...I have an excuse, and better than my dog ate my script (I never use scripts). We had a power outage for 30 hours due to a nasty Nor-Easter here in Massachusetts, and much of New England. You don't know what a Nor'Easter is? It's basically an unnamed hurricane force storm that is specific to the Atlantic Ocean just off the coast of New...

It's really cool when you do the analysis, set your entry and target, then open a 2 minute chart to get a precise, calculated entry. Sounds good and feels good when it all comes together. You're in a trade by your design, you're bending the market to your will. Now, can you get out with the same deft accuracy, and capture, or maximize your profit, or minimize your loss according to your well craft...

If you have been following the podcast for a while, then you know that we sell premium, we put on trades with asymmetric risk to reward, and we employ volume profile to help us model our trades. What you may not know is that we are not focused on income or any other trite goals. We are focused on the process. We understand that things change, it is the only constant. So we embrace change and learn...

Have you ever noticed that successful people are usually also unconventional? They tend to do things differently, they don't follow the crowd, they instead find a new path, a better path. Well, that's what this episode is about. A better way to trade conventional options strategies using an unconventional method.

In all my other podcasts I'm telling you how to do things. In this episode I'm gonna tell you what you shouldn't be doing.

When a market has no real direction, when it reverses on no apparent news, when economic reports are mixed and news seems more like propaganda than substance. What do you do as a 0-DTE trader? You have 3 shots at profit a week, no clear signals, the start of a down trend after a multiyear uptrend. No one knows what to think or how to act. Yet somehow you are expected to perform. What would you do?

In order to create an asymmetrical trade, that has small risk and relatively large potential profit, you must place a traditionally neutral options strategy out of the money (OTM). This means that your options strategy is in effect a directional strategy now. And it also means you need to have a better than 50/50 chance of picking the direction the market is going, then place your strategy in the...

When you take risks does it have to be all or nothing? Ideally you would like your risks to be small, and the rewards to be big, and if possible a back door, so that you can turn things around that appear to be going sour. That is optionality, choices, multiple good or better or not so bad outcomes. We discuss these concepts and how our 0-DTE strategy embraces them.

The first truth about trading that you must come to grips with is that it is not an income producing endeavor. The markets are not your compliant little piggy bank waiting for you to make a withdrawal. The market is not your friend, it is your adversary in every way. It will make you rich or wipe you out without so much as a flicker of care. So, how do you plan to grow your account in a hostile en...

In virtually every trading strategy out there for the retail trader, it is drilled into us that we must learn to manage our risks. That success only comes to the trader who can successfully and consistently manage their risks. And these risks come in so many forms, from strategy, to market surprises, to psychology. Well, with our 0-DTE strategy risk is not an issue at all, instead we are presented...

In our previous episode I talked about the affect the volatility had on our 0-DTE strategy. Today we have a potentially large source of volatility, the release of FOMC minutes, which provides insight as to how the Fed is planning to steer our economy for the next several weeks and into the future. This can be really good, or really bad, but sometimes it can also be a big nothing burger...like toda...

Our overall 0-DTE strategy is enveloped in a well-defined process of methods and strategies, but the core comes down to a particular recipe that involves two basic things, the energy in the market and how it interacts with the structure of the market, and that recipe will be revealed in this episode.   ------------ 0 DTE 4-week Trial https://0-dte.com/try Subscribe to the 0-DTE Podcast https://0-d...

One of the biggest drawbacks of trading a 0DTE strategy with options on the SPX index is that you are limited to taking trades during market hours. This will change as of November 21st 2021 when the CBOE has announced plans to extend the global trading for its S&P 500 Index options (SPX) and CBOE Volatility Index (VIX) options to 23 hours a day, starting in the fourth quarter of 2021. This is trem...

0-DTE or Zero Days to Expiration, is a strategy for trading the final day of expiration of options on the S&P, using either E-mini futures or the SPX index as the underlying. This is an incredibly opportunistic time to trade these options, where our edge comes from the inherent overstatement of volatility, which inflates premium. We put on strategies to collect that premium. But that isn't our onl...

September is historically the worst time for stocks, but also for traders, fund managers, algos and virtually anyone that invests or trades. It's just a fact, and a lot of that can be attributed to low volatility, followed by intense spikes in volatility. Why is this? It probably has something to do with summer vacations coming to an end, everyone is laxed, and then must physically and mentally ge...

Virtually all Day Trading Strategies are useless, as they are based on a false set of premises, lies and 1/2 truths, such as Technical Analysis and Price Action, even most options strategies are nothing but the tools of charlatans. They don't have edge, and they have way too much risk. Today I'm going to detail the 4 parts of the best day trading strategy every devised. It uses options in order to...