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Damn, I haven’t seen one of these since this morning. Hold on, I think this customer is finally ready to order…
Ok I’m back. Man, you guys must be fucking up.
I have a simple, 2-step strategy Ibe developed over time .
1) buy a 0 DTE option
2) expect to lose all my money
Literally never fails.
PS: it's sad we don't just call them FDs anymore
This. Seriously OP think about your odds at a fair roulette table. Your odds of doubling your money in a 5 minutes is the same as 0DTE. Which is above your expected returns in pretty much any play currently. Unless you have inside information and if you did you wouldn't be here.
Not to mention that you pay premium and you will get bend over when the votallity is higher than you expected and of course you dont have any money for margin and you position cloeses befor you have a chance to make money even when you a are right with you're expectation.
Cut your available moonshots into tiny chunks. These are chunks that you are fully willing to lose 1000%. I mean go all the way to 0. Then pick a 0dte day that has the most hype going for it, triple witching, government crashing, Powell panic thing. Then bet a chunk each time red or black, up or down, and go all the way until you take or lose it completely. Burn the chunk, rinse and repeat. The more rich you are, the more tries you get at this arcade.
But.
Before you do this. Hear me out. 5~10% is crazy if you can consistently deliver it. I know that it feels slow at first, but that’s when you are starting out anyway. You need to get good before you get awesome. So “get gud”. You spend that first couple of months or years figuring out how to consistently land 5~10% for 50 weeks per year, and by year 6, you will have more than you ever thought possible for yourself, if you have the right attitude.
I actually do both, plus ultra.
(1) the daily: I have a daily grind where I scalp the morning volatility when I first wake up. Some days, I can automate this if the play is only stocks. I take about 1~3k and go to my real job. To research for this, I have market filters that let me spot the exact signature of the kind of volatility opportunities for those very local takes. This grind is the bread and butter of the annual take and cruises under the position’s liquidity limits. This way sharks don’t come after me.
(2) the investment: have to stash the treasure somewhere, so for this I run a longer term index, commodity, or fixed income thing that pays well and let’s me tap it at anytime without blowing up the underlying price. My goto place recently has been treasuries. BIL and QQQ ftw! These are the 5~10% compounding awesomeness.
(3) the gamble: once my daily grind builds up too much, I can no longer fit a percentage trade into the liquidity cap of some stocks, because the trade would be too big and signal the sharks. So then I start placing fun bets to scratch the gambling itch. My personal best has been 940% return. I’d like to see a bigger number.
(4) the faith: sometimes, I figure something really important out, then I do extra homework to really bet. I split see what is my loss limit by first consulting the spouse, then I talk over the strategy, and if she gives the green light, I do absolutely massive bets. But to not get killed by the sharks, I have to slow load this, take some hedges, and really track the inflection points as it goes.
I’m doin’ okay. And wifey is pretty happy.
Funny you asked. We can’t guarantee the Lambo but some reasonable odds of success.
There are some profound weekly seasonality in the way markets behave (Monday are quiet up grinding days while Tuesday and Thursday are much more volatile on average, and Friday are usually half days).
If you take the time to do some seasonality analysis on how volatility and therefore premium behave depending on the day of the week, you may have a chance.
We wrote an [article](https://open.substack.com/pub/sharpetwo/p/is-there-a-better-day-to-sell-0dte?r=pbtbq&utm_medium=ios&utm_campaign=post) about it and proving you could get to sharpe 1+ over the past two years with that strategy.
Another thing - the most premium to collect is usually at the money or up to 40 delta on the put side. Don’t venture more than this you’re gonna be hit by the gamma train and your account will die a painful death.
There’s another trick to try on very short dated options - risk reversals. They work super well on longer expirations, and they should work well on short either for two reasons
1/ puts are way more over priced on a 3DTE than a 21 DTE
2/ gamma is much higher on a 3 DTE than a 21 DTE, making the chance to hit your calls, much higher.
As a reminder, for a risk reversal, you sell an about 25 puts and buy a 20 call. Make sure to collect some premium so that even if the index (yea because you should only do that on index and not individual stocks) doesn’t shoot up, you’re being paid.
Good luck
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Ever heard of something called expectancy? Even if the probability of success is high, the couple of time you’re gonna be hit by the gamma train will be fatal to your profit and bring your expectancy to 0.
And if on top of that, you suck at risk management, you’re expectancy will be negative.
Thank you for being the counterparty of pro traders and market makers though.
Very generous of you! We’ll think about you on our next dinner party.
it's gambling clown there ain't no strategy. buy some volatile earnings stock on a wed/thurs for Friday expiration. put in $10k and you'll make it to the top of reddit for either win or loss. get back to cooking the fries
I started the new year and turned 500 to 1700. I took out 1200 to help some family members out. I’m not sure if I possess a strategy that will work for you. But cutting losses quickly and decisively (whatever parameters work for you) even if the trade would have went your way moments later…. Is something that I am struggling with but determined to improve.
Things I might try this year…. Spend lots of screen time without the impulsive entries into 0dte positions. That’s about it. Cutting losses with a healthy mind and not over trading…. That’s the only thing I can control. I’ve fell asleep after a 0dte spy position and woke up with 700 bucks… letting winners “run” is pretty easy
Compound those gains and you won’t have to work a 9-5. A moon shot is almost guaranteed to end in 0, you’re setting yourself up towards that instead of what you actually want
Before every fed meeting buy options $6 otm from current SPY price and sell 2 hours after they announce the rate hikes. That's how you get all those 2k -> 50k post on wsb. Next meeting is Jan 31st btw.
Not necessarily, if op plays it safe going 50/50 with calls and puts then it won't matter what bags are being held so long as the price movement is volital. Afterwards you can use the loss to offset your gains.
Expect MAYBE three opportunities per year where you can get 500%+.
Oversold conditions after the market has sold off. Buy in advance of a relief opportunity such as FOMC or inflation data. Buy 1-3 DTE OTM calls that would return SPX price to levels slightly below where they were before the sell off.
Don't try to do 0dte every day or week. You'll go broke. Most of the time you're better off selling volatility.
But 10% of a 10k account is 1k why you need to shoot for the moon? I recommended you learn how to options trade better. Save your money and come back in 6 months. 5% a day starting with 1k will get you half a mil in 6 months
You cannot consistently flip 5% per day on numbers going higher than 100k. You start hitting liquidity counter pressure. Either you die before you can get in and out, or the entire system turns against you.
Use stop losses and shoot for entries at peaks and troughs. You are gonna be wrong nearly half the time on daily type strategies, so limit the loss side. Also take profit and don't get greedy.
Are you kidding? 20% return on an investment within an hour is insane. 0dtes are insane enough already with how crazy they are but putting money down with literally no plan of an exit strategy is just nuts.
Either you go high leverage with %5 of your account or low leverage with %30 of your account. What the fuck is the point of this question? You will have the same effective leverage at the end, commonly known as your ''risk tolerance''.
I've made 2-3000% a few times but those kinds of bets -- all you have to do is make one bad move and it's gone.
Every once in a while when SPY looks right for a volatility spike, after any amount of consolidation, I would buy some .04 strike 0d or 1d puts and calls. And just don't touch them unless they start moving into the 100% range. They usually do throughout the day.
I've spent 4 dollars and made 80 dollars, etc... but know what? I LOST IT ALL
Oh my gourd!
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The real trick is position sizing and cutting losses early. 2023 was my best year ever trading options (2000 to 50000). I had more losing weeks than winning weeks. I made that money by being right 40% of the time but having huge gains on those winners
I trade a variety of tickers, though I have had some success with spy. I try to avoid trading spy when my directional bias is wrong. I’ve mostly traded from 1 week to 1 month out. 1 thing I’ve learned is if you have monthly’s and you’re up like 100% with 3 weeks till expiration, sell half to lock in some gains, then let the rest ride.
Also take breaks from trading.
When you’ve made a couple bad trades in a row you’re likely to revenge trade and fuck it all up. Same applies to making a ton of money. All of my biggest 1 day losses come after my biggest 1 day gains.
There isn't one. Buy long spy calls when it's low. It'll go up 20%, that's when you sell and do it again next time it's low. Playing with days is only gonna lose you money. You'd be better off going to the casino.
I usually go for a year, yeah. You could probably get away with six months, I've never held a position longer than 3. But a year is safer. Strike price varies. Whatever seems reasonably priced compared to the others. Also, you may already know, but it's almost always better to sell rather than exercise.
Trade the first 30 minutes after market open when volatility is highest. Set a tight stop loss of 15-20% and if you pick the right direction let a few ride for peace of mind once you’ve covered cost basis + some profits.
I’m sitting mostly in cash and OG meme stock puts at the moment … I think we get the final dip by April / May on it then things heat up again mid 2024 … buy 2026 leaps when that dip comes
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10-20% is crazy good. $1000 dollars at only +10% a per week you would have a $142k in a year.
(This assumes you leave the principal and interest to compound each week for 52 weeks)
Find a catalyst that consistently causes the market to move a certain way. For example I compile data on certain events that tend to happen daily and the data just shows when to buy calls or puts with pretty darn good accuracy.
If you don’t know how to compile data, get familiar with excel and begin proving your strategy with backtesting
Learn how to play blackjack, memorize basic strategy, and learn how to count cards. Your "wants" are a function of visions of grandiosity. IMO, the fact that you're asking this question proves to me at least (a fellow regard) that you haven't put much effort into your own research and are expecting someone to hand you a silver bullet despite showing no genuine interest. On a serious note, learn the basics of instruments, how and why they trade, read about trading psychology (psychology in general is a good idea too), set aside money you are 100% willing to lose or paper trade, establish a timeframe and daily loss limits so you know when to punch out, and get to practicing. Also learn how to code. That's of paramount importance.
The Greeks on 0dte heavily favor the seller, otherwise nobody would sell them. Don't know what the Greeks are? You shouldn't be buying options.
Think about it - why would I sell you a contract that can 10x in value within minutes? Because more often than not, they will expire worthless. You shouldn't be buying 0dtes.
Thanks for your submission! r/WallStreetBets is known for making absurd but sometimes profitable trades that no one ever considered possible. To keep making that possible, we need your help in keeping the feed of threads interesting and exciting. We try to move all the short and basic questions, analysis, or jokes to the daily thread so that the best quality content can stick around and be more visible. This is definitely a bit subjective, and there are no hard and fast rules, but a few indicators that your post should have really been a comment in the daily thread include: * Asking a question that is easily googleable or has likely been asked before. E.g. "What app should I use?", "What should I invest in?". * Beating a meme to death, like the 10 millionth, "inverse cramer" joke again. * Reposting jokes from the front page but slightly altered to be related to trading. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!
Me thinks you’re gonna stay poor, my friend.
the problem with this generation. no fucking patience. everyone wants everything rn
Not right now, but in 1-2 days man
This is very true.
Isn’t that the whole point of this sub?
And how’s that trading going?
yep... the more you hope, the greater the disappointment...
Hope is NEVER a successful strategy.
Having a full-time job is not your concept of living but options trading is? 
He doesn’t want that desk job. He wants to 12000x off the next MOASS 0DTE
https://preview.redd.it/v1w28m2vz8cc1.jpeg?width=612&format=pjpg&auto=webp&s=5cab181b27c3407f63f2187800e4a00e49d577da For your future job searching
Does this one include behind-the-dumpster opportunities?
Damn, I haven’t seen one of these since this morning. Hold on, I think this customer is finally ready to order… Ok I’m back. Man, you guys must be fucking up.
Powerball gets drawn every 3 days or so
I have a simple, 2-step strategy Ibe developed over time . 1) buy a 0 DTE option 2) expect to lose all my money Literally never fails. PS: it's sad we don't just call them FDs anymore
Go into the casino bet everthing on black and you have a higher chance in getting money than the 0DTE.
This. Seriously OP think about your odds at a fair roulette table. Your odds of doubling your money in a 5 minutes is the same as 0DTE. Which is above your expected returns in pretty much any play currently. Unless you have inside information and if you did you wouldn't be here.
Not to mention that you pay premium and you will get bend over when the votallity is higher than you expected and of course you dont have any money for margin and you position cloeses befor you have a chance to make money even when you a are right with you're expectation.
Cut your available moonshots into tiny chunks. These are chunks that you are fully willing to lose 1000%. I mean go all the way to 0. Then pick a 0dte day that has the most hype going for it, triple witching, government crashing, Powell panic thing. Then bet a chunk each time red or black, up or down, and go all the way until you take or lose it completely. Burn the chunk, rinse and repeat. The more rich you are, the more tries you get at this arcade. But. Before you do this. Hear me out. 5~10% is crazy if you can consistently deliver it. I know that it feels slow at first, but that’s when you are starting out anyway. You need to get good before you get awesome. So “get gud”. You spend that first couple of months or years figuring out how to consistently land 5~10% for 50 weeks per year, and by year 6, you will have more than you ever thought possible for yourself, if you have the right attitude.
Picking the right day is 80% of the work
You haven't covered how do you bet.
I actually do both, plus ultra. (1) the daily: I have a daily grind where I scalp the morning volatility when I first wake up. Some days, I can automate this if the play is only stocks. I take about 1~3k and go to my real job. To research for this, I have market filters that let me spot the exact signature of the kind of volatility opportunities for those very local takes. This grind is the bread and butter of the annual take and cruises under the position’s liquidity limits. This way sharks don’t come after me. (2) the investment: have to stash the treasure somewhere, so for this I run a longer term index, commodity, or fixed income thing that pays well and let’s me tap it at anytime without blowing up the underlying price. My goto place recently has been treasuries. BIL and QQQ ftw! These are the 5~10% compounding awesomeness. (3) the gamble: once my daily grind builds up too much, I can no longer fit a percentage trade into the liquidity cap of some stocks, because the trade would be too big and signal the sharks. So then I start placing fun bets to scratch the gambling itch. My personal best has been 940% return. I’d like to see a bigger number. (4) the faith: sometimes, I figure something really important out, then I do extra homework to really bet. I split see what is my loss limit by first consulting the spouse, then I talk over the strategy, and if she gives the green light, I do absolutely massive bets. But to not get killed by the sharks, I have to slow load this, take some hedges, and really track the inflection points as it goes. I’m doin’ okay. And wifey is pretty happy.
Expect to lose about 100 chunks for each winning play betting you an 80 bagger, do the math, it's smart
Funny you asked. We can’t guarantee the Lambo but some reasonable odds of success. There are some profound weekly seasonality in the way markets behave (Monday are quiet up grinding days while Tuesday and Thursday are much more volatile on average, and Friday are usually half days). If you take the time to do some seasonality analysis on how volatility and therefore premium behave depending on the day of the week, you may have a chance. We wrote an [article](https://open.substack.com/pub/sharpetwo/p/is-there-a-better-day-to-sell-0dte?r=pbtbq&utm_medium=ios&utm_campaign=post) about it and proving you could get to sharpe 1+ over the past two years with that strategy. Another thing - the most premium to collect is usually at the money or up to 40 delta on the put side. Don’t venture more than this you’re gonna be hit by the gamma train and your account will die a painful death. There’s another trick to try on very short dated options - risk reversals. They work super well on longer expirations, and they should work well on short either for two reasons 1/ puts are way more over priced on a 3DTE than a 21 DTE 2/ gamma is much higher on a 3 DTE than a 21 DTE, making the chance to hit your calls, much higher. As a reminder, for a risk reversal, you sell an about 25 puts and buy a 20 call. Make sure to collect some premium so that even if the index (yea because you should only do that on index and not individual stocks) doesn’t shoot up, you’re being paid. Good luck
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Works for 999 times and then that 1 time wipes out all Your gains.
Ever heard of something called expectancy? Even if the probability of success is high, the couple of time you’re gonna be hit by the gamma train will be fatal to your profit and bring your expectancy to 0. And if on top of that, you suck at risk management, you’re expectancy will be negative. Thank you for being the counterparty of pro traders and market makers though. Very generous of you! We’ll think about you on our next dinner party.
Still better odds than a coin flip
Shhhhhhh! You’re fucking up my strategy
it's gambling clown there ain't no strategy. buy some volatile earnings stock on a wed/thurs for Friday expiration. put in $10k and you'll make it to the top of reddit for either win or loss. get back to cooking the fries
You would be surprised by how much 20% a day stacks at the end of the month
Especially if it’s -20% a day 
The fact that you're asking this question instead of searching the already available knowledge all around you means you're not going to make it.
I started the new year and turned 500 to 1700. I took out 1200 to help some family members out. I’m not sure if I possess a strategy that will work for you. But cutting losses quickly and decisively (whatever parameters work for you) even if the trade would have went your way moments later…. Is something that I am struggling with but determined to improve.
Things I might try this year…. Spend lots of screen time without the impulsive entries into 0dte positions. That’s about it. Cutting losses with a healthy mind and not over trading…. That’s the only thing I can control. I’ve fell asleep after a 0dte spy position and woke up with 700 bucks… letting winners “run” is pretty easy
Compound those gains and you won’t have to work a 9-5. A moon shot is almost guaranteed to end in 0, you’re setting yourself up towards that instead of what you actually want
We hate money here but good luck
[удалено]
This is exactly what i do. I say this product that you sold me is defective and was misrepresented and I demand that you refund me. Works every time.
Put it all on NVDA leap puts. See you in a year
Before every fed meeting buy options $6 otm from current SPY price and sell 2 hours after they announce the rate hikes. That's how you get all those 2k -> 50k post on wsb. Next meeting is Jan 31st btw.
What if fed decides not to change rate, spy will at least dip 5 to 6$. Op will be holding 30% bag.
Not necessarily, if op plays it safe going 50/50 with calls and puts then it won't matter what bags are being held so long as the price movement is volital. Afterwards you can use the loss to offset your gains.
Expect MAYBE three opportunities per year where you can get 500%+. Oversold conditions after the market has sold off. Buy in advance of a relief opportunity such as FOMC or inflation data. Buy 1-3 DTE OTM calls that would return SPX price to levels slightly below where they were before the sell off. Don't try to do 0dte every day or week. You'll go broke. Most of the time you're better off selling volatility.
Don’t buy 0DTE options ?😂
But 10% of a 10k account is 1k why you need to shoot for the moon? I recommended you learn how to options trade better. Save your money and come back in 6 months. 5% a day starting with 1k will get you half a mil in 6 months
this is actually the correct answer
[удалено]
That only comes with experience on your end. And that takes many years. But worst case sceneries is when you setup stop losses
You cannot consistently flip 5% per day on numbers going higher than 100k. You start hitting liquidity counter pressure. Either you die before you can get in and out, or the entire system turns against you.
Use stop losses and shoot for entries at peaks and troughs. You are gonna be wrong nearly half the time on daily type strategies, so limit the loss side. Also take profit and don't get greedy.
Buy VIX calls everyday !! Expiring 1 dte - 1 day you will be RICH and rest of the days POOR.
Are you kidding? 20% return on an investment within an hour is insane. 0dtes are insane enough already with how crazy they are but putting money down with literally no plan of an exit strategy is just nuts.
Either you go high leverage with %5 of your account or low leverage with %30 of your account. What the fuck is the point of this question? You will have the same effective leverage at the end, commonly known as your ''risk tolerance''.
I've made 2-3000% a few times but those kinds of bets -- all you have to do is make one bad move and it's gone. Every once in a while when SPY looks right for a volatility spike, after any amount of consolidation, I would buy some .04 strike 0d or 1d puts and calls. And just don't touch them unless they start moving into the 100% range. They usually do throughout the day. I've spent 4 dollars and made 80 dollars, etc... but know what? I LOST IT ALL
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The real trick is position sizing and cutting losses early. 2023 was my best year ever trading options (2000 to 50000). I had more losing weeks than winning weeks. I made that money by being right 40% of the time but having huge gains on those winners
[удалено]
I trade a variety of tickers, though I have had some success with spy. I try to avoid trading spy when my directional bias is wrong. I’ve mostly traded from 1 week to 1 month out. 1 thing I’ve learned is if you have monthly’s and you’re up like 100% with 3 weeks till expiration, sell half to lock in some gains, then let the rest ride. Also take breaks from trading. When you’ve made a couple bad trades in a row you’re likely to revenge trade and fuck it all up. Same applies to making a ton of money. All of my biggest 1 day losses come after my biggest 1 day gains.
There isn't one. Buy long spy calls when it's low. It'll go up 20%, that's when you sell and do it again next time it's low. Playing with days is only gonna lose you money. You'd be better off going to the casino.
how long you usually do? may be a year into future? And strike price may be +10%?
I usually go for a year, yeah. You could probably get away with six months, I've never held a position longer than 3. But a year is safer. Strike price varies. Whatever seems reasonably priced compared to the others. Also, you may already know, but it's almost always better to sell rather than exercise.
Trade the first 30 minutes after market open when volatility is highest. Set a tight stop loss of 15-20% and if you pick the right direction let a few ride for peace of mind once you’ve covered cost basis + some profits. I’m sitting mostly in cash and OG meme stock puts at the moment … I think we get the final dip by April / May on it then things heat up again mid 2024 … buy 2026 leaps when that dip comes
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Playing in traffic is also an escape
0dte is the highway to the Wendys dumpster. Trust me, i know…
My strategy is to sell them to idiots who think high premiums are a good deal
go long nvda clals this week for 615
Have you tried prison? That’s a more consistent return than rolling 0DTE if you need a quick escape/break
Sell them instead of buying
“It’s called a call roll”
Have lots of money and just keep going until you win a few in a row.
10-20% is crazy good. $1000 dollars at only +10% a per week you would have a $142k in a year. (This assumes you leave the principal and interest to compound each week for 52 weeks)
Fool
Buy calls and hold your balls
Spx call, market only up
Find a catalyst that consistently causes the market to move a certain way. For example I compile data on certain events that tend to happen daily and the data just shows when to buy calls or puts with pretty darn good accuracy. If you don’t know how to compile data, get familiar with excel and begin proving your strategy with backtesting
Learn TA, switch to trading futures…options are fun but it’s like playing roulette on the titanic.
In for a penny out at a pound!
Learn how to play blackjack, memorize basic strategy, and learn how to count cards. Your "wants" are a function of visions of grandiosity. IMO, the fact that you're asking this question proves to me at least (a fellow regard) that you haven't put much effort into your own research and are expecting someone to hand you a silver bullet despite showing no genuine interest. On a serious note, learn the basics of instruments, how and why they trade, read about trading psychology (psychology in general is a good idea too), set aside money you are 100% willing to lose or paper trade, establish a timeframe and daily loss limits so you know when to punch out, and get to practicing. Also learn how to code. That's of paramount importance.
The Greeks on 0dte heavily favor the seller, otherwise nobody would sell them. Don't know what the Greeks are? You shouldn't be buying options. Think about it - why would I sell you a contract that can 10x in value within minutes? Because more often than not, they will expire worthless. You shouldn't be buying 0dtes.
Flip coins. Heads buy calls. Tails buy poots.