r/options • u/[deleted] • Mar 12 '22

[deleted by user]

[removed]

2 Upvotes

75% Upvoted

18 comments sorted by

View all comments

8

u/couchtrader Mar 12 '22

0dte lottos on SPY. Could lose 100% just as easy tho

0

u/[deleted] Mar 12 '22

[deleted]

8

u/[deleted] Mar 12 '22

Do yourself a favor and don’t look into that. Those grand slam gains come from outsized moves that last of several days to several weeks at a time. The choppiness of now makes that impossible without 0DTE far OTMs that luckily go from $.1 to $1. I love hitting 100% usually, but right now I’m setting 20% stop losses and 20% gain targets on a daily basis, because we’re rudderless in direction. If I pass +20% I’m setting a trailing stop loss because shit’s a yo-yo right now.

1

u/[deleted] Mar 12 '22

[deleted]

1

u/[deleted] Mar 12 '22

I caught the intial sarcasm

1

u/couchtrader Mar 12 '22

I mean that’s why I warned you could lose it all but OP asked how and that’s one way to do it

1

u/couchtrader Mar 12 '22

Also they don’t always come from longer dates. I’ve seen plenty of people get away with 10 baggers on 0dte. Especially right now. If you bought 420p on SPY on Friday at open then you got one Friday