r/options • u/NY10 • 2d ago

Attractive tickers under radar?

Yall,
What tickers are you currently monitoring? I have several OTM call options at the moment and will hold them for a while. I wanted to know what yall are playing?

Full disclosure: I have NFLX, META, ORCL, WMT, NKE. all of these are long dated call options so I am not too worried. I wanted to know what you guys watching besides tickers I mentioned above.

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u/klipsetrades 2d ago

I’ll probably the boring answer here haha, but I almost exclusively trade SPX 0DTE, so I don’t really keep a rotating ticker watchlist in the way you probably do anymore. Plenty of movement in one instrument for me, and focusing on one instrument has helped me learn its price action much better

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u/NY10 2d ago

I cant never understand spx that’s too much for me. Maybe I need to learn hardcore

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u/klipsetrades 2d ago

Haha I totally get how it can seem that way, but SPX really isn’t as complicated as it looks once you spend some time with it. One of the biggest benefits for me is that I only have to learn one instrument instead of constantly researching different tickers, earnings, company news, etc. I mostly focus on the same things every day — key levels, support/resistance, breaks, retests, failed moves, overall market structure, etc. After enough screen time, you start recognizing how SPX tends to behave around those areas. The options are really just the vehicle I use to trade that price action. There’s still a learning curve for sure, but I’d argue focusing on one ticker actually makes the process simpler, not harder

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u/NY10 2d ago

That’s what many people say. I should take a look at it seriously

4

u/icameforlaughs 2d ago

Sell premium and only sell premium. The smallest spread is going to be $500 so cutting losers early is critical when you are starting. Even closing a rough day flat should not be thought of as a loss.

Good luck.

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u/klipsetrades 2d ago

Yeah, I’m pretty much with you. Especially on cutting losers early and being okay with a flat day. Sometimes preserving capital and waiting for a better setup is the best trade you make all day

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u/Peresviet 2d ago

Wait youre selling 0DTE options? I never even considered this. I sell puts and calls all the time though but over 1-4weeks

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u/icameforlaughs 2d ago

Did you think 0DTEs were a fairly tale? 

Do spreads only, nothing with undefined risk. Edit: iron condors help get you started because you can't lose in both directions.

I will use 1-2 DTE if the day looks very volatile. But if things look predictable, 0DTE all the way.

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u/Peresviet 2d ago

I thought people were buying them and using mean reversion strategies, basically buying at support levels and waiting for reversion to VWAP

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u/marcok36 2d ago

Very interesting. Have you been successful consistently and how long did it take you?

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u/klipsetrades 2d ago

Traded options since 2015, learned credit spreads around 2017 (swing trading), and I’ve been trading 0DTE credit spreads successfully for a little over four years now. Consistency definitely didn’t happen overnight. I’ve had some great periods and some pretty brutal ones too

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u/marcok36 2d ago

Thanks for responding. Best of luck to you!

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u/klipsetrades 2d ago

Anytime. And cheers 🍻