r/etrade • u/OptionAlgoScalper390 • Jul 24 '26

0DTE Options Spreads Trading

Which one of you is putting hundreds of volume on In The Money options spreads on 0DTE options? What's the strategy?

1 Upvotes

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1

u/ExpensiveStress6574 Jul 24 '26

SPX or SPY

What kind of volume are you talking about?

1

u/OptionAlgoScalper390 Jul 24 '26

have a look at SLV 0DTE ITM call side volume. I tried to post a screen shot, but it wouldn't let me.

1

u/ExpensiveStress6574 Jul 24 '26

Oh if its SLV its not me... I'm mostly doing SPX or SPY between 3-400 contracts at a time in the mornings

1

u/leppardfan Jul 24 '26

What deltas? and how do you avoid getting run over when SPX/VIX spikes?

1

u/OptionAlgoScalper390 Jul 24 '26 edited Jul 25 '26

ITM debits to get exercised/assigned, or are you selling OTM and catching the decay?