I can't say more than others have said here. The pace of information and speech and the completeness from how you determine the direction of the market each day to more than one way to close out the order made for a complete one-stop shopping video for 0 DTE Trades. You have a gift!

I’ve watched probably thousands of videos and took classes and bought books but this is by far the best explanation I’ve ever seen LOL 😂 truly!

Please please keep doing videos. This is extremely good, authentic and very helpful - you are on the ball, and we appreciate that we learn from one another - no one is or has to be perfect, so this came across perfectly! Please def do more :) Thanks again Brian

As a reference - I've been doing options for a little more than a year: This was perfectly paced, comprehensive and extremely clear. Also the best OCO lesson I've seen.

Been using TOS for years. This is the first time I have really understood how to close trades using OCO.

Great job!!!! This is what we need --- honest, "not perfect", genuine sharing!!!! Please keep them coming...

Definitely a video series would be awesome, by you - this topic is spot on and selling premium is by far in our (trader) favor. Managing risk is critical and the key - for the times (15-20% worse case depending on factors) the trade didn't work out, as you say, you buy back before max loss; when you add it all up, though, equity curve up is all that matters and NO ONE gets it right every time, so expect and do the practice of closing out at YOUR profit % - increase this if you want over time and see how well you do, ie, adjust % profit as you see fit within your allo and risk tolerance. Thanks again, Brian - please do a series. Best, Dan

I do 0DTE balanced FLY's, which are two stacked verticals, 20 up to 50 points wide on SPX later in the day between 1pm and 3pm EST. , noting the average of the highest open interest call and put strikes at market open, then note the highest volume averages between the call and put strikes on the options chain and the options time and sales through the day for an pin estimate close to your 2 short strikes. When gamma increases slowly and follows a strike within those averages I am usually within 5 points of the close or when I close the trade. Low implied vol. makes the spread more expensive compared to higher implied volatility/expected moves. Usually works better during balancing days rather than rip your face off rallies or dumps. I usually close the FLY close to market close rather than waiting for the EOD close on SPX at 4pm before the late day bots and market makers scratch portions of your winnings. You don't lose money on share assignment if you close the shares ASAP. Use the 8/21 exponential moving averages on a 30 minute chart when they cross that is usually the bigger move. Stop losses on spreads usually do not work. The VIX is not something I watch because it can change quicker than what your trading, it is either on or off. The analyze tab does not show the reality of the trade because it is an average due to Time, price, Greeks, and implied volatility changes every 30 minutes intraday or till expiration long term.

I’ve been doing options for about a year, to the point best explained, 10 of the 10 video

Exactly what I was looking for. Thank you for taking the time to do this.

I loved the way you explain the OCO setup on the OCO Thanks

This video was great. Sometimes being super smart isn't always beneficial, your extremely practical and understanding what your doing. Thats way more important than sounding smart. Subscribed

Honestly, your plain explanations are very helpful.

This was fantastic. This is the strategy I use and I’ll say this is one of the best videos I’ve seen describing it. I’m a subscriber now. Keep it up!!

Thanks for taking the time to post.

I find this very interesting and informative. I'd love to see a series on this topic.

Love your vids! You explain better than most!

Great video. Remember anybody watching a KZfaq video on 0DTE credit spreads will probably already be very familiar with TOS, so no need to stress about it being sandpaper on eyeballs😂

Yeah, I got you are the best friend.I learned all kinds of stuff.Now i'm gonna be using it monday morning when I go to trading

I am new to trading. I have been looking at it for about a month now. I am still paper trading. I found this video absolutely golden! I am still trying to figure out TOS as well as how to trade. I first discovered 0DTE yesterday. I have enough knowledge to follow along. Thanks much for your efforts to share this information. Very helpful and appreciated.

Marvellous. I will go over this ad finitum until I get it all. 😊🙂😄

Hi Brian Great Video. Thanks for showing TOS Setup, Setting Stop Loss and Simulated Trade log. Please continue doing such videos.

Great job explaining how to put in the stops.

Thanks for the video it really explains a lot of information. Very helpful.

Very clear, please make more!

Well paced video with clear content. I just looked over the charts for this week and tried the idea of adding the lines. I actually found that if you tried to guess direction based on the close and first 15min candle you would be wrong every time.

Million thanks on explaining this the way you did.

Actually you did a good job of explaining the options end; buy, sell, stop order. I have been looking for videos explaining TOS also credit spreads as to trade entry and exit.

Awesome video. Thank you!

Love the explanation, really real to us common human mortals wanting to learn. I would really think it is a good idea of some other videos or series.... Thanks again awesome job!!!!!

Great job explaining. 30 minutes video can be focused easily, keep the 0DTE coming with spread sheet attached!

Great video and it made it very clear what you are looking for

Great video, very inciteful. I'm not a fan of paper trading, when I started I tried it and I would blow off trades. I started doing 1 contract trades with live ammunition, I started caring and learning a lot faster. Losing a little for falling asleep or making a mistake is a better lesson.

Yeah..you nailed it, I agree with the very last thing you said.

GREAT job explaining, my friend. God bless you. More please when you have time.

Thank you Brian !!

Actually you did great! Ths for taking the time!

great teaching.Thank you.

it made sense to me! thanks man

Great presentation! Thank you . . I will subscribe in case you wind up going deeper. Thanks!

Fantastic brother

Well done!

Very interesting with clear explanation 29:47

Finally, a real person making it easy to understand, sans the couple glitches, and giving some reality to it all. Well done. I day trade the ODTE as well using Iron Condors with basically the same setup premise. Find a range, pick an outside the expected high/low and let it run with theta being your friend. The reason I take always take it off prior to the last half hour is because when all the theta is gone gamma/vega become a huge risk. A serious EOD move can evaporate profits quickly.

Loved your video, watched it a couple of times. The point that I found a little different here is the Opening Range - Most people take the 15 high and low from 9:30 - 9:45 AM ET. They do not factor in the previous day close. Keep these videos coming....

this was great I have traded options for years and made a lot of money watching just this one video was super helpful just to learn how to use T.O.S you got it wired. I am sure you have tried buying instead of selling and butterflies. Keep doing it

Excellent

Excellent SPX strategy you have great risk to reward and taking advantage of theta selling options thank you appreciate it! 🎃

Yes, we need more videos on Scalping SPY on O-DTE.

Al ways good to hear another perspective. I liked that you talked about paper money. In the paper trade I have made about 25,000 so far this January! When I go to real money, I lose. I don’t understand and actually called TD and was told they fill and act exactly the same but your explanation makes more sense! I do like to do credit spreads but I use condors! As the market changes so much, I like having a trade that isn’t necessarily dependent on direction. I usually do a condor at the 10 and 3% deltas. I do like your ideas and would like to get more information. I, like you a just an everyday guy who needs to make a little more for lot supplement my retirement. Great stuff though! Look forward to seeing more. I did see the 8 ball theory but haven’t watched it yet!

Great info. Really broke it down well, thank you. Would you say that verticals are your default means of entering trades? I was doing this for a while with SPY and saw better results than when I was doing strictly directional trades. But then I jut got impatient with the gain and how much time it required to be profitable. I'm new to this all (1st year) so I still have a lot of habits to overcome. Appreciate your time and help

pretty good thanks

Please make some more videos on how to do more stop limits or stops AND how to exit a trade when you are ready to take a 75% profit manually. THANK YOU

You did a good job explaining everything. I just started trading SPX verticals. Where can I get a copy of your spreadsheet for tracking my progress?

Dude, please do more, you have a talent Options are not easy to understand, and as you said it is not beginner stuff. but you have an edge.

Great video!! Add pinging to what your looking at, the institutions talk that way on where they want to end day at

Great video would definitely like to see more. Please show some actual trades

You did not do a poor job with this. Thanks!!

This was great. Well done, record more (thought/ideas). …continue being yourself, apologize less. Good stuff; Thankyou.

Great job! So, you check the SPY puts vs. calls after your 15 minute candle to pick your direction. Do you do this every day or only whenIV rank is over 50?

Yeah that has been my issue with ToS simulator. Ridiculous fills. I think I would fix the algorithm to make the fill a little more realistic

❤❤❤

Great stuff…….only one issue …..a simple suggestion. RE credit spreads…….Use “ sell to open “ and “buy to close”……..for simplicity for all. Liquidating this spread is not “selling”…….very confusing .

The squeeze isn't really designed to be used on a 1 min time frame. Really it's designed to be used on multiple time frames with overlapping squeezes. The change in color of the bars is an indication that the strength of the move is changing. The squeeze happens when there is a consolidation and the dots turn red. When you have squeezes on the 15, 30, hourly and daily time frames, the stock is getting ready for a larger than expected move. That's what the squeeze is designed to detect. Movements that are unexpected and not already priced into the option premium. If you're using small time frames, you're not benefitting from the genius of the ttm squeeze.

This was an excellent video. Keep up the good work. Do you use any other indicators to determine market direction such as $VOID and $TICK?

Thanks for sharing. Why do you take previous day's close price instead of current day's high and low? If there is an opening gap, it is going to skew the range. I don't know why after establishing the mean and knowing the direction of trend, you want to do credit spread. You can very well go for directional trades with slightly OTM strikes with a SL at the mean.

This is a good video. I have yet to use the ToS analyze feature. Anyway to speak with you? No spreadsheet yet

I like doing broken wing butterflies on spx 0dte.

Hi, I really enjoyed your video. It was just the right pace so everything could be understood. I am a beginner and trying to get familiar with some of terminology and the whys of some of the actions, such as why in a "bear call spread" do you sell a CALL and in a "bull put spread" you sell a PUT." What is ODTE?

Wow! That was really helpful. Thanks for doing this. Do you know of a free paper trading program that you can use on the weekend that can simulate the market being open? I usually have lots of time on the weekend to try these things out but no market data.

As someone who has been trading SPX 0 DTE for about 5 months and using TOS and being self-taught, this was an excellent video. I agree with you it's probably going to be confusing for people who aren't as far along on the experience scale. Couple of questions if you don't mind: 1) is your loss strategy just to take the max loss? or more often you are setting a breakeven loss or something that's still a loss but not the max loss? I know you demonstrated setting a breakeven Stop-loss level, but then you mentioned you don't really do that, so It was hard to tell from the video what your actual approach is to loss level for a given trade. Since you're choosing probability OTM levels between 50% and 80% roughly, I would think that to consistently generate profits you would have to take losses that are less than the max loss, but can you please clarify? 2) it was very interesting to see that you establish your "market direction" decision after just the first 15 minutes of the market -- in my 4 months of doing this, it seems like very frequently the market will whipsaw around for the first 30 mins to 1 hour. So I guess this has been working for you? 3) in the spreadsheet you showed, there was only one losing trade. I realize that a 0 DTE SPX options strategy will produce a high win rate, but but since your risk / reward profile is around 3 to 1, it seems unrealistic that you would have dozens of wins and only a single loss. I must be misunderstanding something. Can you clarify? Thanks, and again, excellent presentation.

Dear Friend You have a good sense of acknowledgment about what you're doing, Just wanna ask you to go live on the chart, because I tried your method but the premium was way different and I couldn't find anything close to the 1/3 even risk to reward. Just maybe I'm still in the wrong place and need to be educated. so please record some other videos and explain on the live market. Regards

Requesting you do a series on 0DTE options method. thx.

Brian, enjoyed the 0 DTE presentation. Like you I'm an amateur looking into this type of strategy. As you mention I have zero interest in buying any course or program. If they were making money they would not be trying to sell it. I'm very interested in learning more especially the actual setup. I know you say the first 15 minutes give you direction and then you get in after that or when do you get in ? Because after the first 15 minutes the market can go up and down with no decisive direction. Any help or a Video explaining more would be great. thanks!

I’d like more videos

Thank you. Do you like 9/18 SMA? Looks good though

Beginner here, love your presentation but too much to swallow in one gulp. Same thing but in portions would be fantastic. Great to see you really did share parts that many others keep for themselves. BIG !!! thanks.

nice video. what program do you use to track your P/L? thanks

Excellent system. I have one question do you place your short option at the center line you drew assuming you still get 50% or more win probability? If not where do you normally place it? When I trade SPY I usually place the short option $1 out of the money. That way if the price goes the wrong way I have a little bit of wiggle room. thanks

If you find the time could you do a similar one for today’s (July) market?

Hello Bryan. Your explanation is flawless. Love your humbleness. How can we follow you?

I'm a FT java developer thats been dipping my toes in 0dte spx/qqq trading. Was happily surprised when I saw all the programming related content on your page lol You said this is on Linux. Did you do the normal installation of ToS by having java 11 and simply running the installer bash script? For whatever reason after main install, starting ToS first time results in a (seemingly) infinite loop of it downloading updates. Quite annoying but this gives me the energy to try again after work tonight

Paper trading is recommended to learn the platform. Make your mistakes on Simulated trading. The Sim trades often get fantastically unrealistic fills; The TD AmeriTrade rep assured me that the sim fills mirror the real money trades. Don't believe it. I took my sim account from $20k to one trillion plus in less than 8 months. It helps if you have experience with using the platform to follow this video. Overall- it was a very good presentation. A fully explained strategy for credit spreads. You can do debit spreads with the same process-just reverse level lines.

For years you best, oil and snake crowns try kitchen sink for evert detail last week lady try explaining to Dave she loses money from base camp Dave don't carry tell give more money tell how get out, more video, explain detail 0dte love it.

Was your Breakeven Stop your negative strike of 4240? How long are you usually in the trades and do you let some expire worthless?

Hello, I have a question, how can I get the excel spread sheet you are using to log your trades ? I use TOS as well

What was that indicator that you were using at the bottom of the chart?

More Please

would love to see a live trade man..

I think the death cross and golden cross only refer to the 50/200 sma crosses.

i am currently daytrading TQQQ or SQQQ but the profit is too small so thinking about doing SPX options instead. Any videos you recommend for option beginners?

You are absolutely right because I did paper trading with great success but when come to the real account, either the trade never fill in, or they will be closed to the very thin profit. The records that you showed of your trading result is simulated or real?

I like paper trading. The only thing I can lose with paper trading is my mind.

I find taking $5 wide strikes give me a better return. What are your thoughts? Also what time of day do you try and get in? Today I got in at 10:25 and again at 11:05 when I saw how good the market was doing. The second enter was an experiment. about later in the day trades.

I would like more......

The wicks are the most important indicator. You should study them more and watch how much faster you can grow your account using them.

Hello and thank you for a great video. I really appreciate you making such a detailed video about SPX. I do have a question regarding the spread sheet and the amount that appears in the RISK column: I noticed that on row 2 under Risk: $827.00 but the strikes are a $5 dollar spread (4265/4270) and you sold 3 contracts on a put vertical. $5 * 100 * 3 = $1500... or am I misunderstanding something? You mentioned how your profit should be about 1/3 of the possible loss... how is the loss so low? I love the rule, I just don't know how to lower the Risk. Can you elaborate on this? unless I'm just confused, thanks either way, great information.

what time is best to buy or sell oDTE options, since time decay

So majority of the time you pick the right direction? How do you choose your direction? Your excel sheet showed that you took 1 lost out of your trades? I would love to know how you choose direction

is morning tiem 930-11AM is better for calls and put both?