Zero Days To Expiration: Recent Episodes
Ernie Varitimos
Do you want to become a successful options trader, with low stress and zero anxiety? Ernie Varitimos will teach you how to create asymmetric risk to reward options trades on the last day of expiration. He will simplify it and help you discover the confidence you need to generate consistent profits.
Join Ernie on the 'Zero Days to Expiration' podcast, where he demystifies trading strategies for consistent profits. Former hedge fund manager turned mentor, Ernie provides insights into out-of-the-money butterfly techniques and market movements. Discover professional-level trading tactics and capital efficiency for mastering the Zero DTE event.
Ernie's Pro Trader Course:
https://0-dte.com/try
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Unlock the secrets of strategic trading with the Zero Days to Expiration podcast! In episode 35, we delve into a real-time performance report of our reference account, sharing the journey from a four to a five-figure account, and our ambitious roadmap ahead. We discuss our unique trading methodology that balances risks and rewards, ensuring consistent, impactful returns. Whether you're a seasoned trader or a curious beginner, join us to explore a strategy that prioritizes capital preservation while maximizing profits!
Ernie's Pro Trader Course:
https://0-dte.com/try
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
In this episode, we delve deep into the sophisticated world of trading, exploring advanced tactics like volume profile analysis and market memory to optimize trading decisions. Our host meticulously elucidates how volume profile reveals pivotal points, significant price levels, and the intricate behavior of price action within market structures, providing a clear roadmap for strategic trades. Grab Ernie's Pro Trader Course at zero-dte.com/try! 🔍
Ernie's Pro Trader Course:
https://0-dte.com/try
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Dive into the riveting world of trading with renowned market guru, Coach Ernie! This episode unpacks the secrets of Volume Profile, a powerful tool to analyze market memory, liquidity, and price behaviors. Whether you're a seasoned trader or a novice, Ernie’s insights will help you navigate the volatile waves of the trading seas, focusing on real-time, objective tools over lagging indicators. Discover how to refine your strategies, understand market structures, and make informed decisions in the crypto and regular markets, as well as S&P and NASDAQ indexes. 📊 For an enlightening journey through trading tactics and market analysis, tune in! Grab Ernie's Pro Trader Course at zero-dte.com/try! 🔍
Ernie's Pro Trader Course:
https://0-dte.com/try
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Welcome to the 0-DTE Podcast by Coach Ernie, the go-to platform for zero days to expiration trading strategies that deliver monumental returns. Coach Ernie pulls back the curtain on his 0DTE service, revealing how he evolved from celebrating $1,200 trades to consistently logging four-figure wins. Gain expert insights into risk-to-reward ratios, explore innovative trade adjustment techniques, and get firsthand experience with trading platforms like Interactive Brokers. From tackling emotional hurdles to sharing real-time success stories, this podcast equips you with the skills to minimize losses and maximize gains. Designed for traders of all levels, the 0-DTE Podcast is your resource for a more profitable trading journey.
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Website: https://0-dte.com/
Join Ernie, an experienced options trader, as he unpacks the intricate world of zero days to expiration (0DTE) options trading. This episode explores various strategies, market indicators, and the art of risk management to help you maximize your gains. Whether you're a seasoned trader or a newcomer, you'll learn why 'expected moves' can be deceptive, and how to better use your capital for more profitable outcomes. Ernie also touches on the importance of logging, journaling, and conducting retrospectives for continuous improvement. Don't miss this comprehensive guide to becoming a consistently profitable trader.
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Website:
https://0-dte.com/
Uncover the future of trading as we delve into the potential of AI in our latest "Zero Days Expiration" podcast episode. Learn how ChatGPT becomes your personal trading coach, using effective prompts and a two-dimensional framework to analyze positions in real time. Join us to explore AI's role in refining strategies, adapting to market conditions, and receiving insights from renowned trading coaches. Tune in to enhance your trading prowess and embrace AI's transformative impact on trading success.
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Website:
https://0-dte.com/
Join Coach Ernie on this enlightening episode of the 0DTE Podcast as he dives into the intricacies of Volume Profile, support and resistance, and liquidity in trading. Unlock the secrets behind making calculated trading decisions, and learn how to map out scenarios for optimized profits. Perfect for traders looking to elevate their strategies from beginner to professional-level. Don't miss this masterclass in market analysis!
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Website:
https://0-dte.com/
Join Coach Ernie in this exciting podcast as he shares invaluable insights into Zero DTE trading. Discover the impact of volatility during binary events like FOMC minutes and earnings reports. Learn how to stack up edges for consistent profits with asymmetric risk-to-reward strategies. Uncover the power of continuous improvement in trading, ensuring small drawdowns and stable equity curves. Don't miss out on this opportunity to elevate your trading game and become a professional level trader. Tune in now!
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Website:
https://0-dte.com/
Join Ernie on the 0-DTE Podcast as he unravels the complexities of volatility crush in options trading. Learn how market events can affect implied volatility, and discover strategies to navigate unpredictable trading days with confidence. Explore the power of the Batman strategy, uncover insights on premium collection, and understand the impact of volatility on butterfly trades. Whether you're a seasoned trader or a curious enthusiast, this podcast provides essential tactics for thriving in the dynamic world of options.
Youtube:
Youtube.com/0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Website:
https://0-dte.com/
Welcome to the 0DTE Podcast with Coach Ernie, where we delve into the world of trading strategies and achieving consistent profitability. In this episode, Coach Ernie shares invaluable insights into the importance of applying a framework and process to your trading approach. Discover how to navigate different market conditions and develop a winning strategy that stands the test of time. Coach Ernie emphasizes the significance of accountability and mentorship in your journey towards a successful trading career. Join us as we explore the secrets behind a skewed distribution with a long tail of outsize wins, and uncover the power of risk-to-reward ratios.
Website: https://0-dte.com/ YouTube: https://www.youtube.com/@0DTE Twitter: https://twitter.com/0dtetrader?lang=en
Join Coach Ernie in the 0DTE podcast as he delves into the world of finance and trading. In each episode, Coach Ernie shares his insights on market trends, macroeconomic conditions, and the impact of major events on trading strategies. Through analysis of three prompts, he discusses topics such as Tesla's dominance in the EV market, the current state of the economy, and the upcoming FOMC rate hike. With a blend of market analysis, personal experiences, and a touch of humor, Coach Ernie provides listeners with valuable perspectives on navigating the complexities of the financial world.
Website:
https://0-dte.com/
YouTube:
www.youtube.com/channel/UCeHb-uoCrg-8c1_2yycGSLg
Twitter:
https://twitter.com/0dtetrader?lang=en
Welcome to the 0-DTE Podcast with Coach Ernie. Gain valuable insights into trading as Coach Ernie shares expert advice on risk management, trade execution, and the key differences between professional and retail traders. Discover practical strategies and learn how to maximize profits while minimizing risks. Whether you're a seasoned trader or just starting out, tune in for essential tips to enhance your trading skills. Website: https://0-dte.com/ YouTube: https://www.youtube.com/@0DTE Twitter: https://twitter.com/0dtetrader?lang=en
Coach Ernie takes you on a captivating journey through the world of trading in this podcast. Join his live show as he reveals the power of the "Batman trade" and the art of pin trading. Discover how combining strategies leads to small wins, medium-sized gains, and occasional big wins, resulting in fat tail returns. Gain valuable insights, real-time experiences, and a fresh perspective on trading techniques. Elevate your trading game with Coach Ernie as your guide. Tune in now and unlock your trading potential.
Website:
https://0-dte.com/
YouTube:
https://www.youtube.com/@0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Join Coach Ernie, a seasoned industry expert with 40 years of experience as a hedge fund manager, institutional trader, and trusted advisor to Fortune 500 executives. In each episode, Coach Ernie shares valuable insights, proven strategies, and actionable tips to enhance your trading skills. Discover the power of defining and managing risk, creating effective trading plans, and continuous improvement. Explore the framework for identifying and fixing bad habits, along with practical techniques to track progress and evaluate trades. With Coach Ernie's guidance and expertise, you'll gain the knowledge and mindset to become a successful and independent trader. Tune in to Zero-DTE Coaching and elevate your trading game today!
Website: https://0-dte.com/
YouTube:
https://www.youtube.com/@0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Join Coach Ernie in "Mastering Volatility," a captivating podcast where he shares his expertise as the founder of 0-DTE coaching service. Discover the secrets of trading success, navigate market volatility, and learn powerful strategies for consistent profitability. Gain valuable insights and embark on a transformative journey to become a skilled, independent trader. Tune in and unlock your trading potential with Coach Ernie's guidance.
4-week Trial:
https://0-dte.com/product-page/
YouTube:
https://www.youtube.com/@0DTE
Website:
https://0-dte.com/
Twitter:
https://twitter.com/0dtetrader?lang=en
Welcome to the 0-DTE Podcast with Coach Ernie! Join former institutional trader and fund manager, Coach Ernie, as he shares his proven strategies to help retail traders become professionals. Learn how to navigate the markets, maximize profits, and minimize risk through asymmetric trades. With comprehensive coaching and mentoring, Coach Ernie empowers traders to achieve long-term success. Tune in and unlock the secrets to trading success on the 0-DTE Podcast!
Youtube:
https://www.youtube.com/@0DTE
Website:
https://0-dte.com/
Twitter:
https://twitter.com/0dtetrader?lang=en
Welcome to the 0-DTE podcast with Coach Ernie, where we explore the exciting world of options trading. In this podcast, Coach Ernie shares his expertise and insights on how to trade options with a zero days-to-expiration (0-DTE) strategy.
Through his own experiences and analysis, Coach Ernie offers valuable tips and strategies on how to make profitable trades with a 0-DTE approach. He discusses various options trading techniques, including how to read charts, identify trends, and recognize patterns.
You'll also hear from a range of guest speakers who share their own unique perspectives and experiences in options trading. Whether you're a seasoned trader or just starting out, this podcast offers something for everyone interested in the world of options trading. So join us on the 0-DTE podcast and let's start exploring the exciting possibilities of options trading together!
Welcome to the 0-DTE podcast, where coach Ernie shares his insights on trading and investing in the stock market. In this episode, coach Ernie discusses the importance of having a trading plan, and how to create one that works for you. He also shares his thoughts on the current state of the market and how to navigate it as a trader.
Coach Ernie also talks about the role of emotions in trading, and how to manage them effectively. He shares some common mistakes that traders make and offers tips on how to avoid them. In addition, he discusses the importance of risk management and how to implement it in your trading strategy.
Finally, coach Ernie provides some valuable insights into options trading, including the basics of the options market and some popular strategies used by traders. He also offers advice on how to approach options trading as a beginner.
Whether you're a seasoned trader or just starting out, this episode of the 0-DTE podcast is packed with valuable information and insights to help you succeed in the stock market. So sit back, relax, and enjoy the show!
Website and link to 4-week trial!
https://0-dte.com/
YouTube Channel: https://www.youtube.com/@0DTE
Twitter:
https://twitter.com/0dtetrader?lang=en
Welcome to Coach Ernie's podcast, where we explore different aspects of personal growth and self-improvement. In each episode, Coach Ernie shares his expertise on topics such as developing a growth mindset, setting achievable goals, building self-confidence, and improving communication skills.
Through his years of experience as a coach and mentor, Coach Ernie has helped numerous individuals unlock their potential and overcome their personal obstacles. In this podcast, he provides practical advice and actionable tips on how to achieve your goals and live your best life.
Whether you're looking to improve your career prospects, enhance your relationships, or simply become a better version of yourself, Coach Ernie has the tools and knowledge to help you on your journey. So tune in to his podcast and join us on the path to personal growth and success!
0-DTE YouTube Channel:
https://www.youtube.com/@0DTE
0-DTE Website:
https://0-dte.com/
Twitter:
https://twitter.com/0dtetrader?lang=en
Join Coach Ernie, the founder of 0-DTE coaching service, in this podcast as he shares his insights and experience on how to trade using the 0-DTE strategy. Coach Ernie talks about the importance of discipline, risk management, and continuous improvement in trading. He also discusses the various factors to consider before entering a trade and shares his personal rule, the 10-10 rule, on when to exit a trade. If you're interested in learning more about 0-DTE trading, visit zerodte.com for a four-week trial.
In this podcast, Coach Ernie shares his insights on zero days to expiration trading and how it can be profitable if executed correctly. He explains the potential risks and rewards of trading options and how to approach them with a strategic mindset. Listeners will learn about the importance of having a plan and sticking to it, as well as the significance of managing emotions when dealing with investments. Coach Ernie also touches on the importance of understanding the Greek options and how they affect trades. Overall, this podcast provides valuable advice for traders looking to improve their skills in options trading.
In this episode we will explore the amazing new conversational artificial intelligence tool called ChatGPT from OpenAI, and see how we can use it to improve virtually everything we do as traders.
We trade 0DTE Options typically on the big index. This video explains exactly which underlying we trade and why.
Try out the 0-DTE Options Service
https://0-dte.com/try
Check the performance of our 0-DTE service
https://0-dte.com/trade-log
Check out the 0-DTE Podcast
https://0-dte.com/podcast
*This is an educational service, not financial advice. Our goal is to turn you into a professional trader through coaching and mentoring and a powerful strategy, methods and continuous improvement process.
Mandelbrot first introduced the Joseph and Noah effects to describe volatile markets and long term dependency, or memory. In this podcast I show how I use this modeling technique to uncover this market memory.
Mandelbrot's Book
https://read.amazon.com/kp/embed?asin=B004PYDBEO&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_JQX2K2X3H2DVCN7PTVM1
Studies
https://www.sciencedirect.com/science/article/abs/pii/S1566014113000721
https://www.mdpi.com/1099-4300/19/9/437
The Market Has long-term Memory, and it can be reveal and exploited with Volume Profile.
Most great day traders have an intuitive sense, a SWAG. They certainly have a strategy, and more importantly they have their personal process, that never wavers. With 0-DTE traders it's just like that, a semi systematic, but definitely discretionary trading system, that works.
We did well in a bull market all through 2021, then came the bear. How did we fare? How do we compare to other 0DTE strategies, bull or bear? What does the future hold for 0-DTE traders? All questions will be answered.
What’s in it for me? What is the best way to analyze risk? In every human interaction or transaction, trading included, there are factors under the surface that influence the outcome.
The Opening Range Breakout ORB is a very popular strategy that sucks lots of people in with the scam that it will make you money just by following a few simple rules, total BS. It is however a very good method for doing analysis of markets and collecting data which may be used later on.
Our 0-DTE system is not a panacea, however it provides the best chance for you to profit in any market condition, particularly in bear market rallies.
Getting out of a trade is part technique and part attitude. The attitude is definitely the most im,portant part.
We are going full round trip, we started out this service using options on futures, made a detour, now we are going back to the futures!
This is a reality check in order to get your head out of the clouds, and get you back to reality and realize exactly what it is that you are trying to accomplish.
We are on the brink of a market collapse. Who's fault is it? What should we do? What will happen in the coming weeks, months? Is this the end of the free ride?
Most trading strategies are seasonal, or require specific economic setups, or look good with theoretical back testing, but never stand up to real-world markets. Why is this so? The reason is they have no definable edge, and they require that you look to the past to predict the future. The fact is, the past cannot predict the future, and without an edge, what the hell are you doing throwing good money into a casino?
Traders with small accounts want desperately to trade the SPX with 0-DTE, however if they take too many open and close positions during the week, especially with 5 0-DTE events coming in the near future, they risk have their small account shut down for trading. In this episode I show you how to defeat this nasty rule.
For the past two weeks we have been trading the 0-DTE in the final hour of the trading day with extraordinary success. Now for the results.
There are so many advantages and edges that you can exploit with the 0-DTE trade, especially with our Inversion of Risk asymmetry principle. One of the advantages is the small time window within which we try to determine the assets direction. But what happens when you squeeze that window to the very last hour until expiration? Magic!
Normal distribution is a theoretical thing that if applied to trading, you wouldn't ever make money because wins would be cancelled by an equal, or normal number and size of losses. You don't want normal, anything but normal, but you do want it skewed in your favor.
There is no such thing as the perfect strategy or situation or relationship. No matter how great it seems in the beginning, there are things that you learn that can take the luster off that new relationship, that perfect job, that powerhouse trading strategy. That is what we will examine in this episode of the Zero Days to Expiration podcast.
It's our one year anniversary and boy has the service grown, both in number and in what we have learned by trading the 0-DTE with asymmetrical strategies. Asymmetry has loads of benefits besides a long term mathematical positive outcome. This podcast reviews all the positives and negatives of the journey...wait, I must admit, that even the negatives were positives, because they presented invaluable learning experiences.
You've probably heard of probability of Profit, or PoP. This is the odds that you will end up profitable, by at least 1 penny at expiration. Probability of touch is a bit different, and more real. It is the probability that at some point during the trade you will be in profit, or at least at your desired level. There's a 2X chance of touch, thus, we prefer it.
When you trade with asymmetric risk to reward, in other words when the risk is very small compared to the potential reward, you are trading with a positive outcome. So, even when the odds are against you, you can expect an overall positive outcome. This is one of our primary advantages, where most traders simply have no idea.
There has never been a trading strategy with such low anxiety conditions. All due to the amazing risk to reward trades we enter into. And you can get in and get out very quickly with decent profits, or you could decide to hang around until the end of the day for the big kahuna return. Is it worth it?
When a trader creates an options strategy or any kind of setup, they are thinking what is their ultimate risk to reward, what is the worst case versus the best case. But the reality is that 95% of trades end up somewhere on that spectrum. Isn't that where we should be putting all our efforts?
As a day trader you have lots of options, pun intended. But most of you choose to trade things like forex or futures or even penny stocks. None of them have inherent edges built into them, neither do they have premium and volatility as drivers to leverage price. Options have that, and trading the 0-DTE increases that leverage by orders of magnitude, making it the most effective way to day trade.
We use Volume Profile for all our technical analysis prior to modeling a trade with options, and find that open interest always correlates well with the profile. We use this additional OI information to determine the possible max pain points at expiration. This greatly increases our chances of pinning the trade.
Liquidity is the biggest problem these days for the options trader. You enter a trade thinking you have a shot at collecting some rich premium, and then the trade dries up, everyone goes home and takes their ball with them. Using Max Pain we can identify these traps and find places where we can avoid getting skunked.
Have you ever heard of a tranche in trading? It's a weird French work that simply means part of something. In our case it is part of a trade or an opening position. In this episode I explain how crucial it is to master your tranches.
Let's face it, there's something called systematic trading, which we all at some point think that there must be some well thought out system that works, all we have to do is become a computer and execute with deft precision. Then there's the discretionary trade, where we use SWAG.
Most traders have fallen into the trap of over trading, or trading too big, or making a fat finger mistake. The day starts, the routine begins, and you are set in motion looking for the opportunity to enter the market. Sometimes the setup isn't there, but you drudge on. There comes a point where the process comes to a dead end...that is what this podcast is about.
They say there's more than one way to skin a cat...well there's also more than one way to trade the last day of expiration. By the way, who's skinning cats?
Are you one of those people with trend lines thrashing your charts and rows of indicators squeezing you candlesticks to the top? Then you need some serious help to rid yourself of all that garbage that has no edge and that secretly confuses the hell out of the experts, though they pretend like they can explain any ambiguous reading. Then you need Volume Profile and completely eliminate all your indicators and clean up your life.
Do you remember that game we played as kids at birthday parties? There was a picture of a tail-less donkey stuck to a tree, you were blind-folded with a tail with a pin, they spun you around and then pointed you in the general direction of the donkey, and your goal was to pin that tail right where it belonged. If you did it, you won the big prize. Woo Hoo! That is the essence of asymmetrical trading. We've got nothing to lose and everything to gain. Just put our faith in the strategy, and the market will either pin us, or it won't The cool part is that we win big prizes for the pin, AND we get great conciliation prizes if we miss.
A conversation with my friend about how those unexpected things that happen, truly extraordinary things, that we claim never happen, yet they happen all the time...weird!
Our trades are vega negative and theta positive. What does this mean? It means that when the market drops and volatility spikes, we smell opportunity, and we seize it.
Yes that's right, we are minimalists here at 0-DTE, we believe that trading less results in more profit. It is our motto, it is our way, to be unattached to every trade, because we know that no single trade can break us, however any single trade could make our month...so we don't screw with trying to win every trade, we just let our asymmetric strategy and edges work in our favor.
Look, this is obviously click bait, or is it? Everyone wants to know if they can make money with your service. So I tell them of course you can; then they want to know how much can I make, how fast can I make it, how much do I need to start, what kind of commitment will it take...the questions come streaming in. So, this episode I'm going to tell you exactly what to expect starting with a small account, how you can legitimately 10X your trading account. I will tell you what to what kind of risks you need to take, what to expect in the early days of your journey, how you will likely progress and how you will need to adapt to the changing conditions of your account size and knowledge base, and how I can help you make it happen.
There are several 0DTE services out there and many wanna bees, that are all trying to capitalize on this new day trading strategy that promises real alpha. However they are all stuck in the old way of trading. It's as if they just can't let go of the things that have caused them to fail...kind of like the Helsinki Syndrome, where there's this unconscious drive to fail or self destruction, in leu of inclusiveness. Pretty sick!
If you have found some success in trading, only to relinquish it, time and time again...or perhaps you have never really been a winner and find it a constant struggle...no matter what you do, whether you follow all the precepts and TA and waves and price action...and none of it delivers consistent success. Then you need to be reprogrammed. Kind of like leaving a cult. 0-DTE will do that for you.
Zero Days To Expiration is the end of life for an options contract but it is the beginning of a wide range of services that have popped up that trade S&P options on the 0DTE. There's a dominant strategy that has emerged and virtually all these services have adopted it, except one. And that is the focus of this episode, a short intro on 0DTE, why people are trading it, and how they compare to our service, the rebel, the loner, the leader in the field. I'm doing this for those in the other services and those looking for perhaps the best day trading strategy bar none.
In this episode I broadcast while trading, and about to realize profit, describing the gyrations and high quality problems you face during high volatility situation with the 0-DTE strategy.
There's a new strain of the Corona Virus that may inject much needed volatility into this market. Just how does that help the 0-DTE trader? We examine that in this episode.
Everyone is doing Black Friday Deals for their special service, so why should we be any different? It is the parlance of our times, right dude?
Trading at ATHs is perhaps one of the most difficult things to do because volatility is super low, the market is on steroids, people are elated. but fearful of a pullback at the same time. So, you need to be extra flexible, and play multiple scenarios at once, while still maintaining an asymmetric risk to reward.
This video is an overview of the trading style of selling option premium on the last day of expiration specifically for the S&P futures and Index as the underlying asset. I will describe the opportunity, the strategy and methods and what you can expect from employing the 0-DTE Service.
Our primary strategy when trading the last day of expiration on options with the S%P is the Butterfly. We use symmetric, broken wing and unbalanced butterfly strategies. Our technique is to place them way Out of The Money (OTM) and then collect premium if price glances its wings, or decides to go for the heart of the Butterfly. Every once in a while the butterfly gets away, or more precisely, price moves away. So, we can abandone the trade, or we can make an adjustment just in case it decides to flirt back towards us so we can smash it and collect all the profit.
One of the biggest challenges for traders is making profit when volatility is super low, because the trading range is small. But the Butterfly has a few tricks up its wings that can turn these small ranges into cash generators. Watch this video to find out how.
The biggest disadvantage trading the last day of expiration of options on the SPX has always been that you can't trade around the clock, and there's no volume from which to conduct analysis. Well, around the clock trading will no longer be an issue after November 21st. The SPX will trade along side the E-mini futures with 23 hour a day trading. This presents a huge advantage for us 0-DTE 'ers. Join us in this episode to find out how we make money with this incredible syste,
These markets have no quit in them, even when they are completely devoid of life, like a zombie they drudge along with no mind, no spirit. And even though the market keeps going up it feels like it shouldn't, because the economic news is less than inspiring, mixed at best. But today was one of those days that after a positive Jobs Situation report, it appeared to lift the market, only for it to be stuck, like a free wheeling tire in Mississippi mud. We all but gave up, but it ain't over until it's over, and the fat lady had yet to sing.
The butterfly Strategy is perhaps the most flexible options strategy in the main stream, yet everyone trades it completely wrong. In this episode we will show you how to kill all those conventional norms and use the distort and even obliterate butterfly conventional strategies to rake in massive profits.
I'm sorry to all my listeners for missing Wednesdays Podcast...I have an excuse, and better than my dog ate my script (I never use scripts). We had a power outage for 30 hours due to a nasty Nor-Easter here in Massachusetts, and much of New England. You don't know what a Nor'Easter is? It's basically an unnamed hurricane force storm that is specific to the Atlantic Ocean just off the coast of New England, and is characterized by the winds coming from a north eastern direction. This particular storm reached hurricane force 2 winds for a sustained period of time and dumped as much as 13 inches of rain.
The storm also knocked out the power of at least 1/2 million people, some of which are still without power. This storm totally ruined nothing as far as our trading goes, because if I were able to trade, I would not have taken a position...so, you didn't miss anything!
It's really cool when you do the analysis, set your entry and target, then open a 2 minute chart to get a precise, calculated entry. Sounds good and feels good when it all comes together. You're in a trade by your design, you're bending the market to your will.
Now, can you get out with the same deft accuracy, and capture, or maximize your profit, or minimize your loss according to your well crafted plan? Well, good on ya if it worked out that way, that's the way you're supposed to do it, day in and day out, right?
The only problem is that it rarely works out that way. And when it does, you are surprised, not brimming with confidence, and hopeful that you'll get out with a profit, but in your heart you are prepared for the worst. Shoulda hung the order, would have been a whole new level of relief and success.
If you have been following the podcast for a while, then you know that we sell premium, we put on trades with asymmetric risk to reward, and we employ volume profile to help us model our trades. What you may not know is that we are not focused on income or any other trite goals. We are focused on the process.
We understand that things change, it is the only constant. So we embrace change and learn from it, making our practice of our methods stronger with each iteration. It's an Agile approach to trading. Otherwise known as Kaizen, literal translation is Good Change, also known as continuous Improvement. This is the KEY to our success.
Have you ever noticed that successful people are usually also unconventional? They tend to do things differently, they don't follow the crowd, they instead find a new path, a better path. Well, that's what this episode is about. A better way to trade conventional options strategies using an unconventional method.
In all my other podcasts I'm telling you how to do things. In this episode I'm gonna tell you what you shouldn't be doing.
When a market has no real direction, when it reverses on no apparent news, when economic reports are mixed and news seems more like propaganda than substance.
What do you do as a 0-DTE trader? You have 3 shots at profit a week, no clear signals, the start of a down trend after a multiyear uptrend. No one knows what to think or how to act. Yet somehow you are expected to perform. What would you do?
In order to create an asymmetrical trade, that has small risk and relatively large potential profit, you must place a traditionally neutral options strategy out of the money (OTM). This means that your options strategy is in effect a directional strategy now. And it also means you need to have a better than 50/50 chance of picking the direction the market is going, then place your strategy in the path of the market. Most traders will resort to Technical Analysis (TA), however it is ineffective.
There are much better ways that don't resort to numerology and pseudo science. That is the purpose of this episode, to describe how we do that for 0-DTE trades.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
When you take risks does it have to be all or nothing? Ideally you would like your risks to be small, and the rewards to be big, and if possible a back door, so that you can turn things around that appear to be going sour. That is optionality, choices, multiple good or better or not so bad outcomes.
We discuss these concepts and how our 0-DTE strategy embraces them.
The first truth about trading that you must come to grips with is that it is not an income producing endeavor. The markets are not your compliant little piggy bank waiting for you to make a withdrawal. The market is not your friend, it is your adversary in every way. It will make you rich or wipe you out without so much as a flicker of care.
So, how do you plan to grow your account in a hostile environment like the markets? You take what you can, and develop a strategy for growth...and that is todays topic.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
Most traders have target profits and do everything within their power to enter that target, and if the market does not comply, do their very best to limit the loss. Sounds reasonable. However if they make a mistake it is almost a guaranteed loss, just a matter of how much. There is a bteer way. What if you could be mostly wrong and still come out ahead? Wouldn't that be an overall better situation? I mean knowing that you didn't really have to nail it to make it would take all the pressure off you. Well, that's what today's episode is all about.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
In virtually every trading strategy out there for the retail trader, it is drilled into us that we must learn to manage our risks. That success only comes to the trader who can successfully and consistently manage their risks.
And these risks come in so many forms, from strategy, to market surprises, to psychology. Well, with our 0-DTE strategy risk is not an issue at all, instead we are presented with a much higher quality problem, how to manage our profits. So, in this episode we will examine just that.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
In our previous episode I talked about the affect the volatility had on our 0-DTE strategy. Today we have a potentially large source of volatility, the release of FOMC minutes, which provides insight as to how the Fed is planning to steer our economy for the next several weeks and into the future. This can be really good, or really bad, but sometimes it can also be a big nothing burger...like today.
On Friday however, we have Chairman Jerome Powell speaking, and he will lay out the case to taper QE or not to taper QE and what the market should expect. Now this will be fun, and likely to contain some real zingers. Check out this episode to find out how we plan to capitalize on that event with our 0-DTE strategy.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
Our overall 0-DTE strategy is enveloped in a well-defined process of methods and strategies, but the core comes down to a particular recipe that involves two basic things, the energy in the market and how it interacts with the structure of the market, and that recipe will be revealed in this episode.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
One of the biggest drawbacks of trading a 0DTE strategy with options on the SPX index is that you are limited to taking trades during market hours. This will change as of November 21st 2021 when the CBOE has announced plans to extend the global trading for its S&P 500 Index options (SPX) and CBOE Volatility Index (VIX) options to 23 hours a day, starting in the fourth quarter of 2021. This is tremendous news for traders of 0-DTE strategies. These are strategies that take advantage of the extraordinary opportunities provided by 3 options expiration days a week. Now we'll have the best of all worlds, the big index and futures both trading around the clock, for around the clock profits.
0 DTE 4-week Trial h
ttps://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
0-DTE or Zero Days to Expiration, is a strategy for trading the final day of expiration of options on the S&P, using either E-mini futures or the SPX index as the underlying. This is an incredibly opportunistic time to trade these options, where our edge comes from the inherent overstatement of volatility, which inflates premium. We put on strategies to collect that premium. But that isn't our only edge, we have several other methods and strategies that increase our edge beyond what other traders use...and not by just a small amount, rather by orders of magnitude greater than other trader strategies. So tune in and find out how we do it and why you should become a member.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
September is historically the worst time for stocks, but also for traders, fund managers, algos and virtually anyone that invests or trades. It's just a fact, and a lot of that can be attributed to low volatility, followed by intense spikes in volatility.
Why is this? It probably has something to do with summer vacations coming to an end, everyone is laxed, and then must physically and mentally gear up for going back to work, getting back into the grind. It's always tough to get going from a cold start. But for 0-DTE traders, this is a good thing, listen in and find out why.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
Virtually all Day Trading Strategies are useless, as they are based on a false set of premises, lies and 1/2 truths, such as Technical Analysis and Price Action, even most options strategies are nothing but the tools of charlatans. They don't have edge, and they have way too much risk.
Today I'm going to detail the 4 parts of the best day trading strategy every devised. It uses options in order to create asymmetric risk to reward, it takes advantage of maximum options premium decay on the last day of expirations, and it uses Volume Profile to determine where actual supply and demand zones exist. So tune in, and learn how to transform your trading.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
Everyone want s instant gratification, gimme now, I want it now.It's no different in trading, they think that if you have a strategy that will make them rich, then by God, they are entitled to it. Just show me and get out of the way Boomer. Only if it were that easy. The truth isa that it is pretty easy to grow a small account very quickly, given the right strategy and the right conditions. Understanding those two things will make it possible. However there are some caveats, and for those with limited patience, the answers may not comply with your give me now attitude.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
What is an income strategy? I get asked whether the 0-DTE strategy could be used to generate an income, or how much can I expect to make every month from this strategy. Usually predicated upon leaving their full-time job.
Here's the best one, when can I expect to be making enough to go full-time with trading? This is an important episode because I'm going to answer these questions for you, so get your calculator out and start figurin.
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
Hurricane Henri is heading straight for me but that won't keep me from 0-DTE! This week we produced fantastic results with returns greater than 500% of risk.
This is definitive evidence that everyone else is doing 0DTE wrong, why won't they listen? Well, you are listening, thank the trading gods you are...check this episode to find out why this is the best trading service in the universe. And that's not hyperbole.
------------ 0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
Our trades are all about Risk to Reward. We have a goal to make the maximum profit using the least amount of capital as possible. Sometimes we can get excellent R2R. Every once in a while, the market serves us up a gift and allows us to pump up that reward without any additional risk. Tune in to find out how. Register for the Webinar https://0-dte.com/webinar
0 DTE 4-week Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://0-dte.com/podcast
Join Our Discord Server
https://0-dte.com/discord
Many traders argue that the 0DTE strategy works best when trading the SPX index, because the commissions on options are so much cheaper. But is this viewpoint short sighted? The short answer is yes it is. The longer answer is absolutely yes, there are so many considerations that you need to understand fully if you want to bring home the most bacon. The broker is part of that equation, a big part, but also the underlying asset makes all the difference. Find out why.
This is going to be a very visual podcast, so even though podcasts are supposed to be audio only, I'm going to do my best to illustrate it in your mind. If you want to see the visuals, check out the show notes, or go to the YouTube livestream from where this episode was derived.
Volume profile is the truth. Let's start with that. It can be used to discover the underlying market structure, where the market finds value, and where it believes there is no value. Once we map this out, and have an idea on the trend, we can easily select an options strategy that can be placed with the profile to capture premium
Watch with your mind.
0DTE strategies with options for the S&P have become very popular with traders over the past year or so. New services are gaining attention, and for good reason. The profit making potential of selling premium on the last day of expiration on options with the biggest stock index in the world is exciting. And to be able to do that 3 times a week is super exciting. But there's a BIG difference between the strategies the various service use, and this service, a HUGE, no GARGANTUAN difference between our strategy and service and all the others. The difference is they have huge risks with small returns, and we have super small risks with huge returns. And in addition to that, we win way more often than they do. So, really there is no real difference, our oDTE strategy and service is in a league of its own Watch this video to find out how and why this strategy is the best, most profitable, least stressful strategy for traders, better then day trading, swing trading, better than technical analysis, better the Fibonacci...simply the best trading strategy period! ------------ 0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
Volume Profile has become a popular tool with traders since it was included in TradingView and other popular platforms. It's origins comes from Market Profile, a technique for charting ticks in the market to gain an understanding of the underlying market structure. Most people that use Volume Profile have no real understanding of it and try to mimic other so-called experts to create trading opportunities. In this video I will show you the right way to use it...and yes, there is a right way, And how to model asymmetric options strategies around the analysis.
------------ 0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
I'm sure you've heard of the Big Bang Theory, anyone that has taken a high school science class has, and even if you don't know it from science class, you've probably watched more than one episode of the popular sitcom by the same name, now in syndication everywhere, all the time (great show btw). But in case you don't know, the Big Bang Theory is a scientific explanation for the origins of the universe4. It says that everything came from a single moment in time when there was nothing, then there was everything...the Big Bang. Well, we have something like that in the markets too, and today we experienced a Big Bang. Just listen to this episode and find out how you know a Big Bang might be upon us.
We measure our success by how efficiently we use our risk capital. And this in turn results in not only excellent profits, but also a very relaxed and confident trading environment. This produces happy traders, less stress, and the ability to concentrate on other important things in life. Tune in to find out how you can benefit.
------------
0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
Asymmetric risk is the idea of taking a small risk to produce a comparatively large return. This simple, yet mind-blowing concept will transform your trading career and overall quality of life. Yet, the concept of taking asymmetric risks is not discussed or even mentioned as an option in common trading strategies. Find out through an ancient parable that accepting asymmetric risks into your life will not only make you a better trader, but possibly a better person.
-----------
0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
There was a failed trade last night, for sure the market looked to drop, and it did in the Globex session, only to reverse on no news just an hour after taking the plunge...now it's morning, and for sure it looks like the market wants to go for new highs, and it does, only to give that up too. Now a dismal New Housing report emerges, absolutely horrible, which by Opposite World standards should send this market to the moon...but nothing, freaking screaming silence from the market...is this the day that Opposite World Stood Still? Tune in to find out.
------------
0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
There really are only two types of strategies that make consistent profits, they are arbitrage and selling premium. All other ways are hoaxes, designed to benefit the brokers. Every Saturday at 1PM eastern the membership gets together and I host a meeting where I discuss recent trades, strategy and methods. This is our 41st such meeting, where I focus on the value of volume profile and strategies that have edge.
I thought it might be a good idea to post this on the podcast so that prospective members can get a flavor of what it's like behind the scenes.
The Best Options Trading Service Period
https://0-dte.com/try
Join Our Discord Server
https://asymmetricadvisor.com/discord
There's no doubt that 401K holders are sitting pretty, watching their retirement grow every day, until it stops, which it will eventually, then we'll see and hear the big SUCK! Volatility is on a rollercoaster ride to hell, and by hell I mean super low, anemic, lifeless volatility, except for the occasional market report that perks up Wall Street wondering if the Federal Reserve Hopium will continue to be injected into their trading accounts.
This makes for a challenging environment for the 0DTE trader, who wants to sell premium, when premium is so fleeting. But worry not, we are slaying the market with outrageous triple digit returns, listen in to find out how we do it.
The image below shows where trades were entered. The first was a Long Call spread or vertical, then we sold that to finance the Long Butterfly with short strikes centered at 4400, a good 22 points higher.
0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
Inflation has been with us for months now, spurred on by massive stimuli, nearly $6 Trillion in the past 6 months alone. The classic signs are all there, dramatic rising costs; energy, housing, food, labor. Yet gold is stagnant, interest rates are falling, the dollar is rising. What's going on here Sparky?
Our buddy Jerome Powell at the Fed says it's all transitory, just a minor bump caused by the pandemic. He's convinced congress that continuing his accommodative monetary policy is the right thing to do...all this while Rome is burning. And he actually hints of deflation on the horizon...WTF?
Now there's a growing list of notable economists that are entertaining the idea of deflation...so what's it gonna be, are we gonna melt down or melt up? Listen to this episode where we try to make sense of this, and what it means to option premium and our ability to extract it on the 0DTE battle field.
0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
Is volatility returning, or is this just a blip along the way to the cellar? Nobody knows, but as the proverb goes, you gotta "Make hay while the sun shines." And we made bails of hay today, with a trade that return as much as 400% for most of our members. As someone who might be investigating trading the S&) 0DTE opportunity, you may be confused, wondering how could this be possible...you've never heard of such a thing, 0DTE trades make 5, 10, maybe at the extreme 25%, but NOT 400% WTF Ernie?
Hey Sparky, take a seat and watch the show, because I'm gonna show you a ride that you're gonna want to join. -
0 DTE Trial
https://0-dte.com/try
Subscribe to the 0-DTE Podcast
https://zerodaystoexpiration.com
Join Our Discord Server
https://asymmetricadvisor.com/discord
The market is getting more and more frothy the higher it goes. Volatility is seeping away, expectations become less clear because of the disconnect between the Fed narrative and reality. We call it opposite world. The world where good is bad, and bad is actually very good. It's the psyche of a drug addict, who knows that next fix just drags them further down the hole of despair, but man it feels so good.
Ernie examines this opposite world and how it is just a symptom of a horrible Fed created disease. Of course this macro diagnosis is enlightening and all, but what does it mean for the options trader, how is it affecting premiums? Tune in to find out.
0 DTE Trial
https://0-dte.com/try
Join Our Discord Server
https://asymmetricadvisor.com/discord
Jerome Powell went before congress today to tell them everything is under control, no need to worry. Just disregard all those things going up in price, and ignore the housing market, pay no attention to the employment situation, because it's all transitory. JP says that despite the CPI rising every month over the past 6 months, reaching heights not seen for more than 30 years, it's all good. No policy change for now.
Well, Ernie breaks it down and says it like it is.
Semiannual Monetary Policy Report to the Congress https://www.federalreserve.gov/newsevents/testimony/powell20210714a.htm
Ernie praises Mr Jaffee for his incredible performance, but challenges him as to what makes an excellent world class trader.
Most traders trade way to large, and it gets them into trouble, sometimes forces them to liquidate an account.
Over trading is a deadly virus that inflicts too many traders. If we could just trade less, especially when the opportunity or edge has left the building, the world would be a better place.
Ernie describes the concept of contango and how it is the normal way of things in the market. The opposite of contango is backwardation, weird times.
The summer season usually brings lower volatility, but this time volatility has dropped dramatically. Ernie describes the seasons in terms of volatility.
Ernie explains our inversion of risk philosophy that creates a zerro anxiety trading method.
We had very unusual activity in the overnight market. It looked like the market was going down for the count, then out of nowhere the market gets propped up and shoots straight up. There was no news, no catalyst, no event. Maybe it was the PPT.
Anyways it set up a magnificant trade for us.
Ernie explains how selling premium on the last day of expiration gives us an incredible edge in the market.
Ernie had hand surgery earlier in the day, so he took an early morning position, then came back to wrap things up for the crew.