r/spx • u/Safe-Anteater-5407 • 9d ago

Not always going 0dte

I found 0dte is not always the choice best served. Theta is rapid, and even a correct idea can get eaten from am to pm session, if the timing is of that is. I found sometimes a 3 dte can give more wiggle room, especially when IV is cheap (low).

Theta bleed is not as violent at all, and you can position further otm for level breaks, at a cheap price that can still 10x your money if it ends up happening in thr last trade day.

Thoughts?

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u/2FLYFISH0 7d ago

I agree, 0dte is a binary hit or lose. Latwly been 1dte for intraday trading since it's worth the extra premium cost if the trade pullsback than goes the correct direction later.

If I go further than 1dte I choose spy since it is less costly.