0 DTE to the Rescue! Great Trade Week Ends Higher! – Trading Recap August 18, 2023



The market rebounded a bit on Friday, but we used 0 DTE trades to offset some hedge losses and a Bear Trade trade loss.

Here is what we closed:
SPX Aug-18 0 DTE CALL BUTTERFLY TRADE
SPX Aug-18 1 DTE PUT BUTTERFLY STRATEGY
SPX Aug-18 0-DTE CALL SPREAD TRADE
SPX Aug-18 0DTE Iron Fly
/ES Aug-18 LT112 PDS TRADE
NVDA Aug-18 PUT FLY STRATEGY
SPX Aug-22 Bear Trap Trade Strategy

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7 thoughts on “0 DTE to the Rescue! Great Trade Week Ends Higher! – Trading Recap August 18, 2023”

  1. Tom, been watching for a few weeks and learning a lot. I cannot find reasonable returns when using non-futures options. Could you share some underlying that are good to trade for strangles, LT112, Leaps if you don’t have a futures account?

    Reply
  2. Tom, I finally found a way to analyze the profitability of individual trades using the tastytrade data downloads in excel, and found that I'm making more money with fewer trades with futures vs equities. Wouldn't have pursued futures trading without your videos – many thanks!

    Reply

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