SPX 0dte Double Calendar Options Strategy | Day Trading

Double Calendars are known as Income Spreads when trading with longer DTE. However, you can trade them using 0dte SPX options, and they can be profitable. They're not as consistent as Iron Condors or Butterflies, but it is smart to have long Vega strategies in your toolkit.

00:00 Intro

Chapters
01:14 What is a Calendar Spread
02:58 Why Non-Directional
05:08 0dte SPX GEX
07:26 Changes in IV
12:55 Gamma Flip Confluence
13:48 Why Double Calendar?
18:04 Journaling the Trade
20:50 VIX Decline
22:03 QQQ Confluence
23:10 P/L History of the Trade
25:21 Conclusion

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DISCLAIMER: I am not a certified financial advisor and nothing in this video or text is an advertisement or recommendation to buy or sell any financial instrument. This video is for educational purposes only.

[TradingLitt]

Double Calendars are known as Income Spreads when trading with longer DTE. However, you can trade them using 0dte SPX options, and they can be profitable. They're not as consistent as Iron Condors or Butterflies, but it is smart to have long Vega strategies in your toolkit.

[vishalanand]

Excellent video and explanation. I stumbled upon your sight in this video and I'm glad I've washed it till the end. You've done a fabulous job in explaining the entire trade step by step. Thank you so much.🎉

[gabbys]

Great video! I’ve been looking for other strategies besides iron condors and iron butterflies… I appreciate the explanation of the Greeks and how they help with theta decay and the possible outcomes. Thanks a million..

[braddeicide]

Theta is decaying faster, but gamma is different so your longs change in value slower than your shorts, so they're not as good of a movement protection as if they were on the same day?

[quantumindicesfuturestrade]

Never traded options. But respect to tge guys who do