Spx 0dte reddit. By buying the 5515 and selling 5520, you'll pay $0.

Spx 0dte reddit 1. Mainly I've attempted this with 0dte SPY I'm only getting 25% of potential profits because I'm strict about using limit orders only. 16 or 0. Some things I have learned (ymmv) Don't open a position in the first 15 minutes Know your limit before you enter a trade, if you hit your loss get out I don't know anything more than anyone else, the only way I Today wouldn’t be a 0dte but if you look at SPX it closed on Aug 18th at $4400. What I found was that the VIX Signal was WAY stronger than the SPX Yes, but SPX/XSP, not SPY. There are have been tons of posts like this in the past. The problem is that over night moves are un-protected by a stop loss. Also the tax advantage is great. I suspect your breakevens are around 3500 and 3800 (without looking at charts), so if the spot is outside that range, then you have a loss. Can get 10% on a calm day. I trade the S&P 500 almost exclusively. We need a 0. I've done 66 0dte butterflies this year so far, with a 66% success rate and about $580 in profit. Selling 0DTE SPX Iron Condors for Revenue As the title suggests I have been selling Iron Condors on the SPX around the expected move daily for roughly 400-800 Credit depending on the time of the day with a 88% WR I tend to hold these throughout the day. Sour hour/power hour can ruin your position fast at the end of the day. I fully appreciate that the risks are stacked against me and the huge emotional difference between real money and paper trading. At market open, after first candle closes I draw support and resistance lines, that means the first candle is the orb. You’ll get destroyed when the market trades sideways all day as the extrinsic value of your options goes to zero. SPY mostly goes up, get cheap 0DTE SPY ATM calls and eventually you'll make money that will probably cover any losses. People post their massive gains selling 0DTE spx/ndx options for the past 1-2 weeks, then mysteriously disappear and never post again. You can look them up on youtube. Looks like a neutral day with rtgamma net GEX at -2. It's hard, takes work, and takes time. Getting a 1. 10 votes, 39 comments. At the full force of 100 delta, that’s 470k notionally, and this is a 10k account. I’ve been up %150, down %96 and then back again. (Edit: selling wings means I’m selling some r/SPX_0dte A chip A close button. It’s been a lot of fun and I’ve learned a lot from it. Tastylive has done a lot of studies on 0dte. if it gets assigned Impossible. 00 which is 100x going. Wish me luck. You have to really be on top of it and aim for a low profit. I don’t manage them and just let them run. I seem to be able to make similar $ returns with less margin on SPY options. Your expectancy for your strat isn’t worth the draw downs the way you’re doing it. Some say they made 1 billion $$ in a month, bought an island and are now happily retired. Previously I traded SPX without a plan and lost money thanks Agreed. If SPX reaches at $3,201 or close at this price, you don’t make or lose any money. It opened at $4382. SPX is not traded with shares; it just tracks holdings. Will I be classified as a day trader if I The option subs are filled with people trading SPX, its probably the most popular option traded there because of the 0DTE traders. 5% move on a 0DTE spx con (This is when you should be selling to open) The 0. If crypto is up spx on the day will tend to be up. 9 out of 10 trades or so are profitable but every now and then a sharp intra-day swing results in a large loss, a classic case of collecting pennies in front I’ve been working a little with ATR to change how I approach 0dte Iron Condors on SPX specifically. You are trading SPX option contracts. I apply lots of reasoning into my trades so I don't know how to answer your question coherently. Instagram. 1 delta 0DTE SPX 4480/4490 call spread for 0. SPX is great for short plays where you make your money and leave it alone for the next few weeks. This is absolutely possible, all I trade is 0dte or one day out SPY options. I appreciate the advice, but you are quite wrong about a few assumptions. You can limit the impact by tightening the spread over night. Consider taking profits at 5% and re-centering every hour Do 0DTE Options decay at a faster pace the later you buy them during the day? Hypothetically, you only hold them for 1 hour and the stock price does not move at at all. I’ve looked at the straight garden variety, a normalize version that compares it to last close, a slow/fast combo, and last night was tinkering The title says it all. 30 delta for the weekly or monthly can have devastating result on 0dte. Do they lose value faster from 2:55 to 3:55 as opposed to 9:30 to 10:30. 2 delta. For the last few months I've been regularly selling the last . IB can be a bit confusing with SPX options. Bonus question: would you sell other options to finance these spreads so that your Zero Days to Expiration (0DTE) Options Zero days to expiration options, or 0DTE options for short, are options contracts that expire and become void the same day that they’re traded. The cash-settlement and I am scalping 0DTE/1DTE near-the-money long calls/puts on SPX based on price action, MACD, and RSI. Especially on wings that narrow. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Instead, The official Reddit page for Atlas Reality's ATLAS You can only do 0 DTE on Fidelity with indexes like SPX and NDX. Here's the trade I set up: -0DTE SPX Iron Condor -Received a -2. 30. Same thing. But we’re talking about SPX here which represents 1,000 SPY shares. but it's a ton to risk for just $1. Consistence income strategy, Weekly Options seller, Call Credit, Put Credit, Iron Condor, SPX 0DTE trade, SPY 0DTE trade, Same day expiration, Option seller, Strategy I have not seen SPX or NDX make insane moves into the close. Yes. 16 delta and 0. Some of you may not have access to SPX options. 44 today. I have been using price MACD and RSI and just wondering what others use to trade SPX Just learning as I go but hoping to refine my skills before I jump in again. Decided to give this strategy a try on Thursday as my short leg was already challenged on 4430/4445 0DTE SPX Credit spread after 2pm SPX bull rally. Since a new year has started, I have summed up my results from this I’ve traded (sold options) for 0 DTE SPX for a year, from naked calls/puts/strangles/straddles. If the market moves hard against you, such as the other night, you can experience major losses on wide leg credit spreads. We have written rules to support this aim and welcome those who want to learn and those who The plan was to capture overnight theta decay in 1DTE and sell at open since I was sure SPX won't break 4300. Could be important for 0DTE as with American-style, you could be assigned anytime on a 0DTE. But when I validated, I had mistakenly chosen an expiry date of September 15. Though SPX options is more expensive and it moves violently sometimes. 02 delta and buying a . I trade SPY now but want more volatility. 0dte spx condor success . 60 4815/4825 Bear Call @ While many have tried trading 0DTE a good number have had significant losses so make sure you are fully prepared as the tolerance for of the day for the options to either expire in the money or worthless (if that's the case, do a cash-assigned ETF like SPX). X. 7K gains on my last trade for Get app Get the Reddit app Log In Log in to Reddit. There's other aspects of the price action I consider as well, but, I am thinking about playing the theta strategies for SPX. You have to babysitting them while the trade is open, even when you think that it’s “impossible” for the price to test your short strikes (believe me, it’s always possible). You’ll get a % and you’ll find as a %, the spread on 0DTE is notably higher than longer expirations. You can try it out yourself, try loading up the volume profile on SPY, SPX, and /ES. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to download the app now. The upside is that with 0DTE, theta is with you if you sell options. Just started some paper trading for 0DTE debit spreads. I trade 0DTE options on the SPX on the 15 minutes candles chart using the orb method. Perhaps you could buy SPY/SPX long calls in the direction of the move. There are mini indexes that replicate NDX and SPX by 1/10th precisely: XSP XND These are less liquid and have higher bid/ask spread than SPX/NDX or QQQ/SPY, but you get the benefit of Euro-style cash settled. SPX is the way to go. There is a ton involved when I trade 0DTE, but as for SL most of my 0DTE trades are full risk with no atop loss. I highly recommend using a different brokerage for options trading, because Fidelity has major data accuracy issues in their Active Trader Pro platform, so trade 0 DTE on there at your own risk knowing the position G/L may be incorrectly reported at the very I’m trying to find the best indicators to get and edge trading SPX 0dte, I found that options flow might be the best tool. I think SPX or any other underlying assets would be fine with your strategy. r/Webull. Hey, anyone trading 0DTE options SPX or SPY, looking for market breadth indicators to trade those daily options on ToS. 25 credit -Bracket order placed with a stop at -4. Or your account isn't large enough to be handle SPX options. I made good money trading SPX 0dte but gave it all back and some. Liquidity on SPX isn't an issue. 5 and a limit at -0. 0dte decay occurs in blocks when 30m/1h candles close, intra minute 'decay' is noise or delta. 15. I do this in isolation but it is very difficult. For some reason I haven’t totally figured out, SPY option premiums seem less volatile than SPX option premiums. Most of the credit at 0DTE is noise, the edge will be a tiny fraction of that, less commission slippage and taxes. I do not hold any trade for longer than 30 mins. Strike prices would be $10 above and below the current market price and they would have $5 wide wings. But ofcourse when your buying 0Dte to get this exposure you are paying massive Theta, so it's a hard game. I've seen others mention hedging spreads on stocks using beta-weighting of the SPX (or SPY or /ES). Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; STO - 3x SPX call credit spreads $4355/$4360 exp 16 JUL 0DTE @ 1. 45 On Friday August 18, I took a Call Bear Spread on SPX thinking it was 0DTE. Take an ATM option in SPX with 0DTE and compare against an ATM option in SPX at 30+ DTE. After having been burned this way so many times, 0dte puts on QQQ's Head & Shoulders breakdown on Thursday ran 4000% in twenty minutes. Ive been practicing this strategy using active trader on both my paper account and OnDemand. However, it tells me that there is a way to hedge against losses on 0-1 DTE SPX spreads, which I've been scouring the web for. 85 after bad Jolt report. Expand user menu Open settings menu. Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline. 0dte calls on QQQ's inverse Head & Shoulders breakout today (Friday) ran 1000% in an hour. If you really want to do SPX, I would recommend 3-5DTE and close it before 3pm on the expiration date. 26. Strategy works great when the market is moving. they're much easier to trade and you don't have to worry If RSI was an actual tool you could use for accurate 0DTE trading like this everyone would be printing money infinitely. Honestly I like XSP and wish more people would trade it, but it can be a little too much Hotel California for 0DTE plays. If it is not, then I will wait for it to come into a better entry point. If the SPX drops even to $3,100, your profit is limited to $1. 10 and SPX closed at 4146. So far it’s been quite good; I don’t sell on big catalyst days and limit trades to whatever I’m fine losing 100% on. the easiest way to see this yourself is to check tomorrow market open. This is what i did to test my strategies and get more familiar with SPY price action at It is a day trading strategy on SPX – the index option for the S&P 500 index. +$4500. ) and so I'm trying to not let emotion impact any decisions (although, I have to be honest I'm still working on that). 22 on 04/13. 0DTE = Zero Days to Expiration. Within the Short-Term I had it 50% SPX Signal and 50% VIX. I sometimes trade 0DTE iron condors (small position size) with a very large gap between the two spreads. I finally have peace of mind and testing this for a few weeks. I tried selling SPX Vertical credits spreads with 0DTE at around <0. Or check it out in the app stores Ive been day trading 0DTE . I really love the Tastyworks desktop platform, As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Literally SPX can go ±50 points in last hour If you are looking to collect $50 per trade you can achieve that in intraday with less risk by selling near ATM spreads and exit later after few minutes. It is very easy to turn an edge into a losing strategy with too much size. Hi, mostly a SPX 0DTE trader here. 00 con with a SL at . I trade 0DTE SPX credit spreads targeting $1000 - $1500 per spread at around 5-7 delta. I understand that the risk for naked options, specifically calls is unlimited, however SPX is not going to double overnight or go to 0. The only way you know the difference is if they are listed as SPX or SPXW. 31st do I get taxed the estimated value of the option? SPX isn't tradable. Just know if you’re going further out than 0DTE you might as well just be buying plain butterflies. Most of my trades are 0dte SPX options, but I started adding ES futures trades last fall. Yes it's possible to make serious exponential casino returns scalping 0dtes. 2 +80% Reddit. It is not a complicated strategy. 30 delta iron condor plays, and see how it changes within I am on revenge trading mode after losing 25K on a 0DTE CVNA play. Why not buy far out of the money calls using a debit spread for 0DTE calls? Very cheap, high pay out. Each play I risk about 10-12K Here are some screenshots for proof. Instead I saw a realized loss today of that $110. 0 Rolling SPX 0DTE spreads As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Well, I've had some good hits, but always ended up losing most of it again, so I'm starting up a test run of 0dte SPX IC's with a portion of my port kind of as practice, kind of being serious to actually build up capital with this strat instead of waiting until I get lucky and hit big to start. Things have been going very well for me and I am getting ready to start trading live (real money). Or check it out in the app stores SPX 0DTE scalping Sharing my thoughts on pre-market position in SPX 0DTE options. But on the other side, If SPX moves up to $3,500, your loss will be capped at $400. I am looking to do one more 0DTE play. As long as you have a actual strategy that you have backtested or traded with on small size with success, all while also managing risk, then you can see some reward Spx 0dte options Official Response What is the latest time that 0 dte options can be traded on fidelity for spx? Also, As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity How's it going everybody!! I've been scalping the SPX 0DTE for the past few weeks in my paper trading account. Do you hold Wait until you see an 0DTE go from +30% to -20% in a matter of seconds during the final 1-2hrs of the day, several times. Your idea is one many have had before. This type of strategy will only work if you use risk management to limit max losses. My guess is you were looking at the SPX ones expiring tomorrow morning. Also enter the position in the middle of the day after tracking expected move. The opposite is true if SPX opens above the previous close. And if you don't have enough money to trade SPX instead of SPY, then you are better off saving up some money first and when you can afford it, move over to SPX. 0DTE so no overnight gap risk. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. The AM settled occur once a month and are labeled SPX vs the PM settled which are labeled SPXW Be careful on IBKR as the SPX AM's are labeled 0DTE on Thursday, even though they expire Friday morning (as the last time you can trade them is Thursday afternoon). I wait for the first 45 mins to pass to pick a direction, and then enter immediately if the R:R is ok. I trade spx and ndx 0dte only since i trade with fidelity and they don’t allow 0DTE on anything else. at 0dte, importance of theta value started to get over taken by gamma and vega. 15 delta when I bought it so it was quite safe. View community ranking In the Top 5% of largest communities on Reddit. You were up $1k but the SPX moved over 1% in a day. Clarification on SPX 0dte cash settled upvote · I love 0dte spy setups but there's strengths and weaknesses and if you try to insulate yourself from any particular direction you're reducing your gains too much for the relative losses. As I understand now CBOE is starting daily exp. For example SPX is at 5467, June24 5515 last traded 0. I would need to run the numbers, but an iron fly might perform better than an iron condor most days. If you buy a 0dte spx or spy option and it keeps gaining value. YouTube. I've recently decided to start selling iron condors on the SPX. I have some defined rules (e. 1 delta on SPX at 0dte is within (or at least very close to) a normal intra-day price range, especially on a "range day". Just the ones that are 10 days out and I do not like the premium on those. SPX use to be really advantageous on Tues/Thurs since it always had 0DTE for maximum Defending 0DTE SPX Iron Condor/ Vertical Credit Spreads with cheap OTM butterfly hedges I have been brewing up the idea of hedging a 0DTE iron condor that goes against in either direction with a OTM butterfly, probably placed just outside the bounds of the condor. I do SPX 0DTE Credit spreads. If I buy a 3900c on Jun 20th 2022, realize a $500 gain, and the price of SPX is 4500 on Dec. I don't do ICs now but want to revisit it since the strategy is capital efficient and stats THE SHORT VERSION: The article introduces the 0DTE Breakeven Iron Condor as a highly profitable day-trading strategy on SPX options – The trade strategy involves selling 0DTE - 0 DTE, 0 day to expire option trading strategy. Which seemed like it expired worthless, but SPX closed higher than the strike. No other ticker punishes you harder than SPX if you get in the wrong time. My understanding/view is that SPX is the most volatile during first hour of trading and then Vol follows a U-shape pattern where the middle of the day is relative low vol, which then increases to the end of the day. spx with some success. I make other types of trades, but I'm consistently profitable with 0DTE/1DTE SPX/XSP trades. Apparently their support who replied is unaware of this. I would not do this play. Has anyone here had any success with this strategy? I’ve been monitoring both SPX intraday movement and VIX during the last couple months. They list the SPX AM expiration (expiring based on tomorrow mornings open) and todays SPXW options (expiring based on today's closing prices) as 0DTE. 01 delta $15 away . 0DTE SPX spreads are basically that bridge scene from Squid Game. 0DTE absolutely destroys my Just recently watched TastyLive podcasts about a guy who sell 0DTE's SPX. Everyone and their mother are buying 0DTE SPY calls and most of them are not making money. In April I started trading the 0DTE Breakeven Iron Condor strategy. quantity is 5 or 6 and gain after fees etc is usually $65-70 . Usually it is. Members Online. You need to get the direction right, and fairly quickly. Did some research and was looking at selling both at 1 standard deviation. Good luck. Going to try and learn to be a better trader for 2023, though I always say that. On Tuesday 8/29 Sold 0. Sell 0dte options and hedge or roll or do whatever to keep making money. Generally, people looking at 0DTE are chasing yield and will fall into that trap. The expected vs actual moves were out of whack, and, I've spent the last ~6 months day trading 0-4dte options, basically buying calls or puts and attempting to quickly scalp out some profit. For 0DTE, that alone could make it worthwhile, as Theta decay transitions from fast to rapid during a 0DTE day. The guy said that he never closes his losing trades, but instead roll them further out before expiry. SPX stays around the middle (3650), But lately the commish and fees is eating into the profit big time, as IV collapsing, today spx 0DTE atm at one time traded at 6%IV, I got out around 12noon with 50% pnl on the premium ( its a good day, IV went from 11% to 7% when I I have done a 0DTE credit spread on SPX and have decided to let it expire worthless. I trade small quantity 0DTE SPX strangles, and wait till expiration the next day. Only sell further OTM options 10 delta or less and only shorter date mostly 0dte Use premiums collected to put back into account to buy stock or take them out to use for living expenses. Spx options are not available for me tho. I go to cash each day on 0dte and reset buying power. What do you guys think of this trade. When price breaks the orb I enter a position using credit spreads. I know most recommend SPX for this but I've been testing this strategy with SPY and was wondering what your thoughts are. I've used 45DTE and 30DTE strategies before and vastly prefer my 0DTE system. 5% move on spx would net closer to 200% When Vix/iv is really bad you’d get about 150% on a 1. Reddit Recap Reddit Recap. I entered and exited twice on SPX puts. I mentioned here before that Iron Condors can cause huge losses when the market drops rapidly. A trend I’ve found is that if SPX opens below the previous close it’ll gap fill up, but usually once doing that it will play to the downside the rest of the day. Is having a strategy that performs well on a paper account and OnDemand enough to bet that all will go well trading live? Appreciate any feedback, thank you in advance. r/thetagang A chip A close button. Hi, I am a relatively new options trader practicing 0DTE SPX Iron Condor with 1 contract, trying to understand how things work. Internet Culture (Viral) Amazing; Animals Today's Trade: #SPX #0DTE 4750/4740 Bull Put @ 0. Get app Get the Reddit app Log In Log in to Reddit. 35 & 5520 0. When an option reaches this stage, there’s not much more time left to act on the right to buy or sell the underlying asset. If you trading 0dte and you buy a 3900c on Jun 20th, I am presuming that you are closing that 3900c on June 20th. Usually, the dust settles mid-day. 478 subscribers in the marketscreen community. 05 for potential $5. I want to make sure I prevent from getting a day trade call. Scalping 0DTEs can get addicting and trust me, irking out 1-5% doesn’t add up to as much as you think when your commissions start eating away at your P/L. Annualized return is higher bc your turning over your capital more often. I'm selling 25 strike wide on SPX, so They are also nice when you have backwardation in the markets, like right now where IV is elevated but you will not get much of an IV crush (aside from FOCM or ER) to take advantage of just doing them with 0dte/1dte since the long leg Hi everyone, I have developed a free 0 DTE SPX Butterfly scanner and would like your opinions if you are trading 0 DTE strategies on SPX Skip to main content Open menu Open navigation Go to Reddit Home I bought a 0dte 4145C for $1. I should probably think through why this would be the case. And a delta of 0. Props for throwing your hat in though. It consists of selling Iron Condors on SPX – with expiration the Is anyone trading 0 DTE SPX options non-directionally and interested in sharing results, both good and bad? In between trading my directional options strategy I have been testing a new (new for me) strategy I was looking at my trading history from a few years ago and it reminded me of one thing, i used to have good success with SPX 0DTE Iron Condors. So I wanted to sell a dar OTM put and call to collect the premium. I won’t share any strategies but I’d warn watch how much you’re spending on commissions. If you are holding 17 of the SPX Get app Get the Reddit app Log In Log in to Reddit. If you're only willing to lose $10 on a trade then you need to find a con around 0. SPX options are cash-settled European-style options which cannot be exercised early. Or check it out in the I manually backtested and live played 0 DTE straddles (which you call ATM strangles) for atleast 3 months. Not immediately, but quickly. He's scalping the trade -- the odds of making 20-30% profit on an intraday move are much higher than attempting to pin the strikes. In 2023, it was a losing strategy for me. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to It is so strange to me that I can trade everything 0dte except for spx options. Or S&P iron condors 0dte good idea? Question could one theoretically make decent $$$ from doing 0dte iron condors on SPY or SPX with around 6% either way for still max Anyone Initiating 0DTE butterflies for a debit with the expectation, the index will stay within its expected range and also you can close it out before the end of the day for a profit as long as it doesn’t move too much too soon? This seems to be a I've been practicing credit spreads on SPX 0DTE. Credit spread 4320/4345 was at around 0. IC on a 0DTE SPX is a poor strategy. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to 69 votes, 109 comments. This blog post by OptionAlpha with a 25000 0DTE trade database used mentions a higher 0DTE - 0 DTE, 0 day to expire option trading strategy. But it didn't work out - so I would Get the Reddit app Scan this QR code to download the app now. I personally know a few successful 0DTE Traders, none of them find much success with IC on 0DTE. Tossing a hedge in at the get go complicating a position that probably wasn’t worth placing to begin with. mark down 0dte market open price, premium on 0. It shouldn't have expired as it should have cash settled ITM resulting in $120 with a net positive $10, if that's how I remember it working. Does anyone else have problems with closing out SPX 0DTE in the late afternoon? As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. 45, and "locked in" at least 1. By buying the 5515 and selling 5520, you'll pay $0. 2 delta IC on SPX everyday unless there’s a major market-moving events. Terms & Policies I’ve been doing 0dte spx for years. If you're short this is doubly so. I sell about 0. A single contract represents $300k notional. But I trade SPX spreads (call or put) on 0 DTE. 1 delta 1DTE strangles on SPX. Since SPX has some daily expirations I want to do them 0dte. Or check it out in the app stores &nbsp; My “strategy” for 0DTE is whatever i decide to put into a 0DTE play i already accepted that i have lost that money so it’s an absolute lotto ticket. Good for daily 0DTE trading opportunity. They are all the same. E say spx opens at 3700 you have an spx target of 3650 for the day, and you have a profitable credit spread on it running, and the current price is like 3600 and downward momentum is waning, it may be a good idea to bet on your Hey everyone, I had an interesting experience today with my 0DTE SPX Iron Condor position, and I'm looking for advice from anyone who might've experienced something similar. Zero Days to Expiration (0DTE) Options Zero days to expiration options, or 0DTE options for short, are options contracts that expire and become void the same day that they’re traded. Log In / Sign Up; Advertise on Reddit; The problem with 0DTE is that they are not truly passive. g. Or check it out in the app stores Tastytrade has already done a ton of studies on 0DTE SPX trades. This is the problem. Anyone that can help? 0DTE - 0 DTE, 0 day to expire option trading strategy. How do I add the two charts at the bottom of ES which are the SPX 0DTE Puts and Calls premiums? As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. For example, I sold the PCS for 1. can I set an auto sell price in zerodha upvotes · comments. Get the Reddit app Scan this QR code to download the app now. Less IV and less wild moves like tesla for example. The SPX will dictate what you need to do. a perfectly sounded 0. I’ve worked mostly with SPX but have been trying SPY lately. SPX price was still below the strike on Monday. So going over your "exchange surplus" via opening and closing 0dte spx options multiple times in a day can cause a day trade call right where within 5 days you have to prove you had the money "somewhere else" or to liquidate your existing holdings to meet the day trade call amount. First Entry and Exit = 7K Gain (I fumbled the ghost) Second Entry and Exit = 10K Gains. They are huge. When I tried to close the trade, I saw that the spread was more expensive, yet the price was below the strike. Like last week when we had the big drop, almost 70 SPX points, I saw early there was big volume buying on the 4765,4770 puts, those went from $200 to like $7k. I’d like to share some of my observations and see what opinions others have on this monumentally stupid trade! Why Do I Like the SPY 0DTE? I’m doing 0DTE SPX condors opening at 1-2am PST before bed, 5 wide at just above the 1SD strikes. Looks like you haven't seen that last month. Want to start a new trading strategy by selling approx 0. For instance if SPX is $3,200, your protection is if the SPX DON’T go above $3,202. the skill to learn is how to keep the money which = risk Management. any good extremely detailed guide on 0DTE trading on SPX from 0 knowledge to placing the first trade? + a one that describes the risks of placing a Search through Reddit, you'll find 0DTE posters disappear after awhile. . Consistence income strategy, Weekly Options seller, Call Credit, Put Credit, Iron Condor, SPX 0DTE trade, SPY 0DTE trade, Same day expiration, Option seller, Strategy I have been paper trading on IBKR 0DTE SPX for a while, selling far out of the money credit spreads. 5% up on the day. The risk/reward on those trades is 10:1. stop loss parameters, max position values, etc. I struggled for a bit when I started trading futures because I tried to replicate my ES trades with my SPX positions and the simple fact is that you need a different strategy for longing 0dte contracts. EDIT: btw you are describing a delta play, not theta. Alternatives to SPX. Personally I've noticed spx tends to track with crypto. 0%+ on daily SPX, which happened only 5 times in last 3 months. Obvious there will be fewer ES option traders, its not heavily traded but I think you would find SPX option traders would be in a better position to gives pros/cons between the two, especially the type of details you mentioned in your OP. SPX NDX 0dte options not showing up 21Nov2023 expiry Get app Get the Reddit app Log In Log in to Reddit. If it never does, I take the day Get the Reddit app Scan this QR code to download the app now. Reddit's largest economics community. I am selling 0. Don’t focus on the gross price. So my spread was sitting at exactly 1. Trading SPY that way (or any stock-settled instrument really) is playing with fire. Anyways got some questions: If you do > 0DTE SPX, then you should be checking in at least before end of each day, and manage the positions that are challenged. The problem with 0DTE is even if your direction is correct, theta takes away the gains. If there's a way to mitigate losses by hedging, I'd be golden. 00. Sell a 5-wide IB or IC in the last minute, for often decent risk/reward. This is almost too relatable. I was so upset when I found out that, with Robinhood, all my SPY 0DTE options I bought on today 15:26 was automatically sold for the same price Get the Reddit app Scan this QR code to download the app now. This has so far been my profitable strategy. What you would need to do is buy shares in the direction of the market. I like to day trade 0dte SPX mostly credit spreads and Iron Condor, whenever I place a trade I get this message: (354020) If you plan to day-trade this strategy, reduced day-trade margin requirements may apply. One option in my mind was to sell an iron condor on the SPX every day with 0DTE. 0dte spreads are going to work well until you get absolutely WRECKED by gamma. Time is against you. One thing to note is the market can start of slow and then spike one way or another leading to a near total loss. 97% gain. If selling 5 delta 2% max gain iron condors on SPX is a sure way to blow up past your small gains, as many here have talked about and many more are not talking about it, then why not do the opposite and buy 5 delta 98% max gain iron condors until you hit the jackpot?. SPX at the time was around 4455, so I thought I had plenty of room for the option to expire worthless because we were already +0. That's because your trade idea starts with "Wouldn't it be nice if I got SPY calls and SPY went up. Ive been scalping the SPX with 0DTE contracts. 90 is going to get you stopped out, even of the bottom of the contract range looks like 1. When an option reaches this stage, there’s not much more That brings me to the second mistake people make, they treat SPX 0DTE like SPY or any other option which it is not. But a spread would present you with a setup that's less subject to Theta/extrinsic value decay, since both your long (bought) & short (sold) options will be affected by that decay. Take the spread and divide by the price (doesn’t matter if you use bid, ask, or mark). I lost $5k on SPX 0DTE this quarter. Received my annual bonus and looking to put the capital to work. 05 - 0. SPX is doable, but you’ll have some negative slippage (fill beyond your stop) and positive slippage - sometimes egregious to the point it was a price aberration/spike-out. Webull subreddit, a commission-free, stock trading app. In addition to SPY, QQQ and SPX 0DTE straddles on big news days that usually have wild swings such as Fed meeting day - 0DTE Straddles can also work on many optionable stocks (on stocks that have both decent volatility as well as high option liquidity) on Friday expirations -- especially during the 1st 30 minutes to 90 mnutes of trading. Any body trading Not worth the headache. Contracts in SPX . Or check it out in the app stores Home; Popular; TOPICS SPX 0DTE theta gang Discussion I’ve been practicing this for 4 months now, grinding through different market conditions, slowly scaling up, and I reached a point where I can consistently make ~$1k/day (on roughly $30k BO), selling I purely trade SPX for pretty much the past two years ever since they introduced everyday 0DTE. Some of the concerns that come to mind is that something unexpected might be different when I start trading live. Consistence income strategy, Weekly Options seller, Call Credit, Put Credit, Iron Condor, SPX 0DTE trade, SPY 0DTE trade, Same day expiration, Option seller, Strategy SPX 0dte straddle upvotes The community for Old School RuneScape discussion on Reddit. This is my third day trading like this and I noticed that I always get my stop loss triggered on the short leg (set at 3x premium), but If you buy a 0DTE when the market is volatile, that same 1. Traded SPX 0DTE for a year, and blew small acoounts multiple time after making decent gains. I have made a lot of money from Spx 0dte for an inexperienced trader but I’ve also lost a lot. by Tasty_Chemistry_2426. I've used Advance-Decline, As an official Fidelity customer care channel, our community is the best way to get help on Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. If you still to 0DTE, then the morning gap isn’t a concern. Ive had some success on 0DTE ATM butterflies -- not something I do often these days since butterflies are expensive in a low IV env (6 to 8 bucks on average these days). 3x Mechanical stop losses should trigger on the day before expiry so that’s an option. Some days it’s SPX is awesome. At 0DTE I would suggest u/Astronomer_Soft is closer to the truth. So, it's better to have a tight stop loss on any open position during the day to avoid huge losses. It's a strategy where 15 good trades get wiped out by 1 bad. SPX won’t move up or down in a steady fashion so it could move up and suddenly drop Bruh last thing people do with 0DTE SPX is think. The real question honestly should be /ES vs SPX. Day 24 (5 As mentioned in a previous comment, I used originally had my system at 50% Long-Term Signal, 50% Short-Term. One of the reasons I don't use a stop loss on SPX 0dte unless/until I'm significantly into profits, and I make sure it's a strike with high liquidity. It's basically opening a 0DTE IC at around 11am, once the market has settled a bit. Learning to be profitable in options isn't something you learn on reddit. 2 or less. Anyone trade 0DTE iron condors? I've been using this strategy for a while now on SPX and it has been doing pretty well. 00 my first I’ve tried selling 0DTE way OTM puts/calls and also have had luck, until i got bent over by a big green too. Hello! So I’ve been trading the SPY 0DTE for two months now. Don't see any obvious bias in pre-mkt positioning today, so will wait for opening flows for direction. My one issue i have personally is sometimes i really don’t hold long enough. Does anyone have any experience trading 0DTE iron fly's on the /ES futures rather than on the SPX cash? navigation Go to Reddit Home. Or check it out in the app stores &nbsp; &nbsp; TOPICS. That said, there are successful 0DTE strategies, Some started doing it last year in the SPX trading part of our discord (before everyone got blown out by continuing to try to sell 0DTE credit spreads in 2022), called it the "M2W" (Minute-To-Win-It). I'm losing out on the extra 75% because the price just It helps simulate real price action and a small taste of the emotions that come from trading real capital. Every step is a heart attack, you are able to make it out without getting killed, but chances are you're going to get splattered by Gamma across the floor. Do a wide spread $20, selling to make $1. If you chase you can see your contract drop in value by 25% in a couple of minutes causing you to hit a stop loss or making you sell out of fear only for the contract to reverse and go 2-3x in the If you have an exact price target, you may want to turn your credit or debit spread into an iron condor or butterfly if the opportunity arises intraday, I. 10. Goodluck! Any of you guys/gals slanging SPX 0DTE strangles? I always have a few 45DTE SPX strangles layered on my weekly underlying strangles. 00 BTC - 3x SPX call credit spreads $4355/$4360 exp 16 JUL 0DTE @ 0. Reply reply Yes. Notable calls sold at 4745 and 4760. The more complicated trades are just made up of the less complicated trades. I would recommend moving to SPY options and trading the weekly Friday expiration contracts. You can do 0DTE SPX spreads and be quite profitable. SPX 0DTE options are very hard to trade, you're constantly battling with theta (time decay). 60 per spread, then when the market went in my favor, I bought PDS 1 strike closer to the money for 0. If I look a 0DTE SPX Vertical Spreads, is it fair to assume that if I look at premiums at equal distance above and below the current strike price Skip to main content Open menu Open navigation Go to Reddit Home Robinhood and Webull do not trade the SPX or XSP so that's why I trade the SPY and QQQ. I don't know why TradingBiew is retarded and shows volume for SPX. Don't try to reverse engineer price, pay for the tick level quotes if you really want it. Iron/put/call condor/butterfly, put/call credit or debit spread, plain old naked puts or calls. 0dte is essentially a directional gamble. the SPX falls way below 3560 or rises much higher than 3750. dtd uibzannz ctpeas zfljn bvjoblt zxt uwwux jle nvdm uibkfp