This got me thinking about the potential strategy of just buying 0DTE SPY calls every morning. If just today's movement of about 0.5% got a 400% return, aren't you statistically likely to make money, since whether SPY goes up or down is basically 50/50? Why wouldn't this work? Obviously you'd only bet like 10% of your account each day so you can make it back if you're wrong.
https://i.redd.it/rmjetktbostd1.png
Posted by CSSfoolish1234
43 Comments
bro said “invested”
Show us the way
Great Job!
I think you’re onto something. Delete your profile and start a hedge fund. Stop sharing your strategy for free
It could go sideways and fuck both your calls and puts. Happened numerous times in sept
Do you notice how 0DTE premiums are different every day, premiums don’t always move in such a way to get 400% on a .5% move, unless you got the most god like fill ever and sniped bottom
I sold with just $400 profit and ggo to work, I feel so sad 😞
If you write a book I’d buy it
This pump made no sense pre cpi
Why is it green and moving in an upward direction?
Why is it green and moving in an upward direction?
I lost 4k timing it bad and paper handing it.
It’ll work 1000% OP. Don’t let these guys hold you back. I believe in you
Move over Warren Buffett. We have a new king of the market.
Do it couple more times, you will retire early
It’s always the idiots that get lucky.
Fuck ya my brother
What how much did those 0 DTES cost ?
You cracked the code. Nobody has ever thought to just buy calls at open everyday. This is guarenteed to work.
What made you feel that bullish this morning OP?
dangg! You must’ve bought exactly at the daily low which was around 572.50s? and then sold at the highest which was around 577? grats!
Use the prediction button on the daily thread and you’ll see how much 50/50 you are right.
So you made 360% return roughly, lets just say this needs to work once every 3.5 days to break even. Most days don’t have a big inter-day gain but there are a decent amount of them over the last few months. It seems close and the losing streaks would be aweful, but IDK there may be an edge if you do this right.
bro i’ve been buying 0dte calls for the past month and spy has done nothing but stay flat. it’s not worth it. quit before it’s too late
I thought i could do this too. Check my post history. I did it for two days in a row and then no more
Oh look, a fellow regard who assumes directional 0dtes don’t get chopped to death by theta some days enough to make this specific strategy idea or even a daily OTM strangle a guaranteed eventual total loss.
Jump onto trends, don’t try to 0dte the market before it’s shown you it’s hand…
I did the same thing. I cashed mine out when they were worth about $2600. At the maximum they would’ve been worth like 6000. I think kicking myself in the butt for not waiting but you know what 2600 is better than negative.
https://preview.redd.it/rj3bfbvifttd1.jpeg?width=1290&format=pjpg&auto=webp&s=f99514cd9b92e10585aa2e88cc2dd3752b8fe627
We should make out 🥵
(Sold all at 577
And so it starts…
It works until it doesn’t. Which is most of the time. With 0 DTE options you need it to move, fast or they lose value
How you get 0dte on Robinhood
You mean, gambled?
So… brand new account, first trade?
Bought 572 puts…
Well done!!
First on is free, take the money and run while you can
When doing covered calls in Robinhood whats the collateral amount required minimum?
Please post daily results so we can all learn your ways and pay you to teach us!!
Do it again!!
Lucky day for you.
What is ODTE ?
And I threw that much money into my nfl parlays this weekend but lost. We are the same.
“Invested” lmao