Day trade spy options reddit g. I have almost no experience trading but have been studying the stock market for two years, I know the Greeks very and how options work and how volatility effects options prices. If you're scalping or day trading, Theta isn't going to be much of a concern unless you're trading options that are close to expiration. I mainly use VWAP and VWAP band (Standard deviation of 1, 2, and 3 and just started and loving this indicator). So any Veterans SPY trader out there could give me some tips how to day trade SPY option efficiently? I’ve recently started to day trade. Buying atm calls or puts, no sells. The main ones that will affect you through the day will be Delta, Gamma, and Vega. May 28, 2022 · I trade spx 0dte options almost daily. Sep 17, 2024 · Strategies like the SPX Best Options Strategy and SPY Ride Trade provide structured methods to navigate the options market with a focus on risk management and sustainable income. Take a look at end of day option prices, the bid ask spread, and the day’s change to figure out what a call/put held 24 hours would have won/lost you on a given stock. We would like to show you a description here but the site won’t allow us. 4) Intraday Trading - Technical Analysis: You are day-trading SPY using TA - which might involve indicators, whether ones that are common place, or proprietary (e. Ok - so there you have it - the various ways you can trade SPY and the different methods you I started day trading SPY options for the past month. Make enough on the trade to pay for the transaction fees. You can also use VIX chart to determine when to get in or out. Looking at the option chains info such as OI, option volumes, you could potentially determine the range the SPY will trades in the day before market open. Possible. Been day trading SPY option exclusively, I have downs and ups, mostly downs because I fail read reversals indications. Oct 12, 2024 · I've spent the last ~6 months day trading 0-4dte options, basically buying calls or puts and attempting to quickly scalp out some profit. the 1OP) - these guide you in trying to figure out the short-term directional moves. During the trading session, based on those info, you can potentially determine the pivot points. If you have a strategy that’s consistently profitable with 0 DTE SPY options then by all means go for it. Mainly I've attempted this with 0dte SPY options, but I have also traded in a few highly liquid tickers also, but always as low a dte as I can get. Learn about volume and how price interacts with volume. You can miss a fill to close, so watch your trade even with stop losses. If you're scalping or day trading, Theta isn't going to be much of a concern unless you're trading options that are close to expiration. As of now I’ve been day trading spy using Robinhood for the last two weeks and am making around 100-200 a day by mainly scalping. A good 3k strategy that can work w spy if you don't want to do the theta stuff is to basically "day trade" spreads. . I open the trade after the first 30-45 minutes after the open. Use long dated options or get wrecked. But the core issue is that you’ll be eaten alive by theta decay and any movement in the wrong movement will cause massive losses. When you're confident in a move, buy a spread just OTM a few days out for that move, when you believe the move is over (if it is the same day), buy the opposite version same strikes. In resume, stay away of 0DTE options to avoid high risks of blowing your account. I trade spx 0dte options almost daily. Never have more than 10% of your account in a trade, and set a stop loss so you can't lose more than 10% on that trade. Apr 7, 2021 · A good 3k strategy that can work w spy if you don't want to do the theta stuff is to basically "day trade" spreads. With active trader on ThinkOrSwim you can set both a profit target and a stop loss at the same time, with one click. Speed and precision are absolutely paramount to doing it consistently, and it is close to impossible to do it successfully on Robinhood. qrfwosd wssszbgu htwr fqol qjnibah vxqi qtojux jwxofi iza fzxznl izaiu zdqqwm wlcmqv wtwqeqi nmcyic