Hi traders,

    According to tastytrade research, selling 0DTE straddles 30 minutes before the close results in a 39% winrate with an average P&L of -190 USD for the straddle seller/writer. What are your thoughts on doing the exact opposite of selling: buy a 0DTE straddle 30min before the market close and letting it expire.

    Seems to good to be true to me. You only risk the premium paid as a buyer for unlimited gains and get a high winrate as well. Am I missing something here?

    Link to the research: https://www.tastylive.com/news-insights/0dte-options-opening-vs-closing-trades
    TT did the study using "52 weeks worth of data".

    Thanks!

    Thoughts on buying 0DTE straddles 30 min before close @SPX
    byu/ciscoenzo inoptions



    Posted by ciscoenzo

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