One Day Trading Strategies Using Options Deltas

#OptionsTrading #stockmarket #daytrading

[timb]

You have to be right 80-90% and if you start increasing size, one bad day wipes out all your gains. So it is even more critical to have an adjustment plan. Especially when the VIX is north of 20-25.

[ikCarmelaMinarc]

Your guidance has given me the confidence to keep working on my trading skills

[childoftheonetrueking]

I saw a trader who sold ODTE credit spreads around 10-11am EST and after noon the theta decay was so intense that he could hold the spread for 2 hrs and then cash in his gains. the last 3 to 4 hrs of the day (noon to 4pm EST) Theta Decay is at max peak, almost minute by minute options are decaying at a rapid pace.

[buddhavaro]

I tried this and it works really well. Thank you!

[stevefox]

Thank you for this inspiration, realy appreciated
Today I've setup my first Iron Condor on SPX - Until now it works perfect.
Of course with small account for testing.
Based on the ADR from the past days I took a wider spread ;-)

[FinancialOptionsWithThumper]

Be sure to setup those stop losses a certain multiple of the credit received just in case.

[rgTORO_grOSO]

2x the Daily Avg True Range (ATR) is also a good bet. Be aware of the days when the fed spews garbage however (can occur on Expiration Wednesdays on occassion)...

[Oct-jydz]

Seth, thanks for the video. But I think that risk control is the most important thing. Do you have any video about that topic?

[attyjim]

What’s used to determine how many contracts to sell/buy?

[e.]

hi Seth, thank you for a very informative video. What are your thoughts on 0DTE selling premium (with protective stop loss at 3x)? Any views on that? (intention to expire the position or alternatively lock in profit throughout the session)

[Eqnotalent]

What's your common stop u guys set? 2x premium? 3x or +-5 of short strike?

[juan-zpx]

Could someone explain to me in layman's terms why the buying of calls & puts is part of the iron condor strategy? He does mention protection, but I'm not really grasping that part.

[yasirali]

Hello Seth, You're welcome, We are here happy to serve you.

[waminajeemmanuel]

Please are there options strategies or contracts I can implement within minutes as a scalper??

[andrewferguson]

I’ve never gotten filled on any iron condor I have tried to place. I’ve tried going closer in the money and trying to go in between the bid/ask but it never fills. This is on IB and trading SPX which I would have thought would have enough liquidity, etc.

[LuisluigiTexas]

My best strategy by far with 90% success is cash secured puts

[timb]

What exactly do you do if the market moves very hard in the direction of your Iron Condor leg to adjust or do you just automatically assume your will take full loss which is a huge loss? If it falls or rises say 100 points?

[roblentz]

I see many videos where you discuss 0dte options on SPX index, do you have any geared towards SPY or QQQ ETFs?

[tcho]

Agreed with several statements here. There is zero mention of risk management here, and the numbers are arbitrary. SMB seems very legit and I like a lot of their videos, but this video doesn’t explain the half of it. I trade almost exclusively 0 dte spreads, namely iron condors as noted here, and without proper risk management in place (setting stop losses at certain multiples of premium received, for example), it’s an unsustainable approach. You will hit stretches where the probability of said 90% win rate seems completely meaningless as you lose back to back days. He doesn’t describe the big swing movements that occur in your p/l on extreme moves like we’ve had lately and the panic that ensues if you don’t know what you’re doing. Lot of key components of this strategy are missing in this overly simplistic and idealistic video.

[stockoptionsprophet]

SPX 1DTE IRON CONDOR:
-DON'T DO THIS ON DAYS WHEN IV RANK IS LOW, OR THERE'S A FED ANNOUNCEMENT!