0 DTE Iron Condor Trading Basics: What is it & How You Make Money?
HTML-код
- Опубликовано: 10 сен 2024
- In this episode, we will be learning about 0 Days To Expiration (0-DTE) SPX Iron Condors and how you can make money from it. We will be talking about the basics of what a 0-DTE is. Check this out!
Sponsored by VectorVest: a simple source for market guidance that helps you make money in the stock market.
💵www.vectorvest...
#stocktrading #options #optiontrading #ironcondor #tradingironcondor #vectorvest
Posted at: tradersfly.com...
🗨️ Join Our Facebook Group
FB Group: hi.clickyes.me/fb
👇 EXCLUSIVE PREMIUM TRAINING & WORKSHEETS!
🍒 New To Options? Start Here: hi.clickyes.me...
🎏 Transform Your Trading Strategy Into a Profitable One: hi.clickyes.me...
🏦 How to Operate a Multi-Million Dollar Trading Business: hi.clickyes.me...
💰 Make a Passive Income Trading Options: hi.clickyes.me...
🚩 Build a Portfolio Portfolio with Options: hi.clickyes.me...
🧠 Improve Your Mental Game of Trading: hi.clickyes.me...
⭕ FASTEST WAY TO LEARN OPTIONS TRADING:
Options Black Belt Coaching Program: hi.clickyes.me...
One-on-One Coaching: hi.clickyes.me...
🌐 WEBSITES
Options Coaching Programs: optionsblackbe...
Free Videos: tradersfly.com
Technical Analysis: criticalcharts...
Course List: rise2learn.com/
📑 ABOUT THE CHANNEL
Hey, I’m Sasha, and I help people learn to trade options, create a consistent monthly income, and build your retirement account even if they have never traded before, are terrible at picking stocks, or have failed for many years! My goal is to help you learn and navigate the markets to profit consistently.
We have various training materials that you can get for free on our website. We also run group coaching and classes; you can work with me directly. Schedule a Free 20 min call at → hi.clickyes.me...
🛑 DISCLAIMER
All of the stocks mentioned in this video and any other videos we have are opinions and not investment, financial, or legal advice. These videos are for general education, information, and entertainment. Do your due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.
Did my first 0 dte - for those who haven’t done this yet - it’s extremely fast and you must absolutely place a stop loss. I started to gain confidence by selling at 10% (which goes super fast in this market) watching my level 2 for extreme changes and of course , candles and VWAp . Thank you . Now I understand how a member in my group took 79 dollars and made 7000 in a few weeks. Yes I did verify his claim so did my other members.
Why not just roll it out and away once tested rather than take a stop loss?
do you use a hard stop loss or a mental stop? And do you sell the entire spread that's getting tested or just the option that you sold and leave the long option alone since it's increasing in value? Thanks
A "mental stop loss" is not a stop loss @@rouano1
I do a 16 delta IC nearly every day. I have good luck rolling my tested side to the next day and taking credits as long as I catch the bleeding before my strike.
@@terrygarcia8826 Overall win rate is well over 90%, because I set up alerts for when I have a tested side and before my strick is over run I roll out and away. I only employ 50-70% of my capital. So I can always roll. I only use liquid IWM, SPY, QQQ & DIA. I also enter my trades strategically one at a time. Put side after a down swing and call side after an upswing.
@@blackmagick77 My primary technique that works the best are call credit spreads. When I see a strong direction in the market upward and it starts to level off I'll sell calls above that level at around 20 Delta
can you actually sell these every day? also if you go wide enough cant you always just make money if it never hits the strike thought?
@@myname-de2oy I employ these almost every day. It never hits my tested strike because I have alerts and roll immediately. In a busy day I can get run over. I just roll, close or let bit ride if almost at my long.
Can’t do 0 days - too much babysitting! Been doing IC on a weekly schedule been very good so far!
Excellent to hear. Glad to hear things are going well for you
I like selling Iron Condors on the XSP with the Short PUT and CALLS have a Delta less than 30 and the longs 5 dollars further OTM and DTE is 0. I buy back the short PUT or CALL 10% of the credit I received. I then sell Call or Put side again with Delta less than 45 same DTE of 0. The short usually expires worthless of worth only a few cents. Since the XSP is settled in cash added to or subtracted from my account, I don't care if I am assigned. This works very well for me. I call this hitting a double. So far, I have not hit triple.
Like your system, why not trade SPX? more credit, more Volume?
Hello. If I mount a high lock with PUT (SPX 0DTE options). Buy 1 contract at 4000 and Sell 1 contract at 4040. The SPX closes at 4020 and the lock goes into exercise. Question: Is it the Broker who closes the transaction in 4020? Because in this example I will have 01 contract purchased at 4040. Congratulations on the video.
When you leg into an iron condor is the margin required the same as if you put them on at the same time ? or is it doubled?
It's not doubled but it is a little more since you don't receive the same credit from the other side. However within a few days or a few hours. Depending on when you enter the other side it gets recalibrated with the new margin.
Highly useful; Thanks a lot,
You're more than welcome. Thanks for watching
Thank you Sasha good job explaining all this. Also do you go buy Aleks or just Sasha.
Sasha is fine.
if you buy a 0DTE condor and the options expire worthless (meaning you made money on the trade), does that count as a day trade since the options expired? Or since they weren't exercised do we get off scot free?
Counts as a day trade sorry
does not count as day trade. Im using ThinkOrSwim
expiring worthless is not considered as a day trade.. there was no action by your part to close the position.. one thing that should be said.. is that selling spreads require margin..
Thanks for your video!
You are more than welcome. Thanks for watching
Nice 👍
Thank you so much
Be careful with setting such wide strikes...the risk is really the (Premium collected)/(BP/Margin effect). The wider the strikes the more on margin you go. ex. $10 strike width=$1k in markin....$50=$5k. etc.
in your one example, you sold puts for 1.15 but its $20 wide. you risked 18.85 to make 1.15 and are on the hook for 20 in margin. You can get the same effect selling verticals with tighter strikes for significantly less margin and trade risk...
It is a theoretical risk.
Using a Stop Loss of $2, while not totally removing the risk, changes the analysis and management of the trade quite significantly.
How do you set your stoploss on iron condors?
@@joerisi3682 you can either set a stop on your platform or have in your mind how much against you to cut. For example if you got 2.0 for the condor. You could cut at 3.0 or 2.5 whatever you want to risk.
Dope 🔥🔥
Thanks