Making Money Day Trading 0 DTE SPX Options: Iron Condors
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- čas přidán 24. 04. 2024
- www.simplertrading.com/simple...
0 DTE SPX options are unique because they expire daily. For options traders, this means it's possible to take advantage of quick maturation of butterflies, iron condors, and more. This is especially the case during the last 45 minutes of the trading session, when market movement is generally more and it can be read with more clarity using market internals.
Identifying a method to trade 0 DTE SPX options involves getting the strikes and direction correct, along with selecting an options strategy.
In today's example, the market was choppy, and I expected it to stay around a "pinning strike," which was 5050. Therefore, I decided to sell a neutral iron condor, so I could take advantage of the rapid theta decay that occurs until the 0 DTE options expire.
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/ @traderdanielleshay618
#trading #options #0DTESPX #SPX #optionstrading #DanielleShay #optionseducation #optionsforbeginners #0dte
Great video 👍, trading can only be profitable and well understood when you got great guidance like mine
Theresa option
Seen some good reviews on her , how do I connect
She’s mostly on telegaram with the name
Nice to see this here, theresa Options’s understanding of market indicators is impressive. her knows exactly when to enter and exit trades for maximum profit. Her signals are top notch
She is a CFA whose approach combines technical and fundamentally essential analysis, and her system has been the key to my financial success.
Such a great video. So many much-needed gems shared. Thank you for this great video Danielle.🙏Much appreciated.👍
I'm glad you enjoyed the video!
Thanks for the great video Danielle and I just subscribed! I sell Iron Condors in 0 DTE SPX as well (just did a vid). Love the time decay throughout the day. I like to avoid the open and close if possible due to the high volatility and take advantage of the middle of the day trading period. I haven't been considering the open interest and how it affects the price movement so great tip for me to take a look at. Still fine tuning my strategy.
Excellent! What time frame are you generally in your trades?
Since your Put side of the Iron Condor was ITM do you close out that side before market closes or do you allow it to expire in the money? I know that you mentioned that you placed the trade close to the end of the day. Can you elaborate how you handle the ITM sold option on a 0DTE Index option. Thank you.
How much was the potential for loss on this trade? I get scared with 0dte because of the short timeframe.
Didn't know you had an TY channel. Glad I found it!
What’s the name of tv channel?
I just started it a couple months ago!
I think they mean CZcams channel
I am following since then i didn’t knew about channel thanks for correction
Excellent. This is my channel and I have a Twitter account @traderdanielle.
When would you buy vs sell iron condor?
Amazing
Danielle, do you have the criteria written online for this setup? I'm have questions related to picking the short strike.
Hey Danielle it's "Jack_NY" - great job
A neutral iron condor? Do you mean an iron butterfly?
I'm failing to see the iron condor you sold. The strategy you are displaying is an iron butterfly or iron fly.
TOS considers it an ATM iron condor. It has a few names.
@@ArmandoTrades The definition of an iron condor across multiple sources is call and put credit spreads with the short options at different strike prices, or a short strangle with N-wide wings... An ATM iron condor is a short straddle with N-wide wings, which by definition is an iron fly, and not to mention the title of the video did not say 'ATM Iron Condor'
@@user-wt4kw4cj9w I believe we're saying the same thing. I always see "Iron Condor" in TOS when placing an iron fly trade.
same thought, it is iron butterfly
if the S&P closed above 5056 or below 5044 you would lose money right? But if it closes inbetween you make 5.95 - difference from 5050. Also max loss should be 400$, right?
Her max loss was $505. She had a $10 wide Iron Fly, so you subtract the credit received from the width of the strikes. Her break even to the downside is 5045.05 and and 5054.95 to the upside.
I tried a similar trade, but put on a stop loss at 100% loss. The spread triggered it for just a second and I ended up taking a loss on a winning position. Do you manually manage these types of positions to avoid that type of thing?
If you place an order like that, you just have to be comfortable with the price you're exiting at. Yes, I will use that kind of order because the opposite will also happen, where you only hit your profit target for a minute or two (not long enough to manually enter the order) and you can get an exit that way. Most of the time I do manually manage my exits, but since today was a choppy day, I let it cash settle so I could squeeze out more.
This is an iron butterfly not an iron condor.
Yes - I call them this because I use ThinkorSwim and they don't have an 'iron butterfly' selection, so it's confusing when I'm selecting the option that says 'iron condor' when it's an iron butterfly.
Hello,My name is Navid, i am new comer in USA, i really love to learn from u,please guide me....i need help, i lost tto much in BA earning Day
I have made over forty thousand dollars from the digital market and trading (leverage and stocks) despite the recent happenings in the digital market. Thank you for your video. In fact, it is really advisable to invest in the digital market and trading with the help of a financial advisor
I wholeheartedly concur. At 60 years old and newly retired, my external retirement funds total around One million two hundred fifty thousand dollars.. With no debt and minimal retirement fund allocation relative to my portfolio's value over the last three years, I recognize the importance of a financial advisor. Neglecting them isn't an option; however, thorough research is vital to find a trustworthy advisor and you can't go wrong with MR. ANDREW B ELLIS
I wholeheartedly concur. At 60 years old and newly retired, my external retirement funds total around One million two hundred fifty thousand dollars.. With no debt and minimal retirement fund allocation relative to my portfolio's value over the last three years, I recognize the importance of a financial advisor. Neglecting them isn't an option; however, thorough research is vital to find a trustworthy advisor and you can't go wrong with MR. ANDREW B ELLIS
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
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