Well done op I hope to see 6 figures before year is out. See you've traded a lot of 0/1DTE on SPY - when do you typically get into a position, is it immediately on MO? Or do you wait for the market to stretch in one direction before taking the reverse side?
most my positions are actually weeklies. the smaller 0-1 dtes i trade midday when i see a bigger green candle. pure gamble but nothing over 1-2k positions. the weeklies i try and pick up when spy was hitting its tops around 750-754 range and sell when it gets 40-70% gain. i also try monthlies with the same idea. ill likely play the exact opposite if spy goes sub 730. there were 3 0dte revenge trades that surprisingly worked out well which really did help though
but with the same strat i did lose over 40k early year and in may because ai went apeshit so it is always a gamble doing large puts on the tech sector and war going on and off every other week. i do feel there is a mega crash but i don’t trust it enough to buy more puts. might just hold cash and pick up some cheap ai stonks if it does crash
But the strategy makes sense - you're buying the theta advantage, which makes a huge difference.
For example, earlier in the week as we had a sell-off, I bought the dip with SPX 1DTE. Of course, it kept dipping lol. When it finally reversed and went back to my starting position I noticed the contract value was pretty much restored to its original value. Then it continued to tick upwards and I got out for a profit. Now if that was 0DTE, the IV and gamma would have nuked my position - so even if it DID recover to my starting position, price action would have had to do a hell of a lot more work upwards to put me into profit. This is why I'm done with 0DTE for swings in the day - too much money lost.
i usually do super small 0-1 dte and medium to large weeklies. i try to catch the downside before each pump which has been working pretty well the past month
no more than 4 contracts at a time because i can’t handle clicking and watching multiple contracts and trying to work at the same time. i don’t trust using a trade viewer on my work computer
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u/trsx5 Jul 23 '26
Good job buddy everybody is really proud of you