Aeromir – 0 DTE Options Trading Workshop

Various strategies were covered in the workshop, such as:

1. Jim Olson Iron Butterfly: Initiated at the beginning of trading, this strategy involves a wide butterfly spread, typically lasting 10-20 minutes.
2. Narrow Iron Condor: Introduced by Dan Harvey, this strategy combines elements of both the Iron Butterfly and Iron Condor. It has demonstrated a strong track record, with an 80-85% success rate among participants.
3. The Morning Fade: Scot Ruble, a former market maker in the CBOE pits, shared insights into this technique, boasting an approximate 80% success rate.
4. Trading the Market-on-Close (MOC) Buy/Sell Imbalance: Scot Ruble also discussed his approach of using MOC buy/sell imbalances at the end of the trading day to take long or short positions, provided specific conditions are met.
5. The Wide Iron Butterfly: Amy Meissner shared one of her preferred strategies, which has yielded excellent results.
6. Amy’s Iron Condor Variations: Amy Meissner also covered her favorite iron condor strategies.
7. Wayne’s Calendar Spreads: Wayne Klump explained his approach to trading Calendar spreads using proprietary tools.
8. Out-of-the-Money Vertical Spreads: Tom Nunamaker detailed his approach to utilizing far-out-of-the-money vertical spreads that expire on the same day to generate profits. In February, he executed 12 of these trades, all successful and collectively yielding just under $900. These trades utilized $3,000 to $9,000 of margin each day.
9. Breakeven Iron Condor: John Einar’s most profitable options trade, with an annual yield exceeding 70% over 16 months of trading, was discussed. Tom Nunamaker also demonstrated an easy method for implementing these trades on the thinkorswim platform.
10. Asymmetric Risk Butterflies: Ernie at 0-dte.com employs asymmetric risk trades to achieve favorable results with low risk. Tom Nunamaker provided insights into this trade type and how to identify suitable candidates quickly.

0 DTE Workshop Overview

Session 1

Amy Meissner, Dan Harvey, Tom Nunamaker, Wayne Klump and Scot Ruble

• Kick Off Meeting

Session 2

Amy Meissner

• Amy will cover the different approaches of 0DTE trading, the strategies that can be utilized, and the key elements of what to look for when evaluating a 0DTE strategy.

Session 3

Wayne Klump

• How to allocate capital with proper diversification across different strategies using known risk metrics…and why you should.

Session 4

Dan Harvey and Tom Nunamaker

• The Narrow Iron Condor
  • Trade guidelines
  • Trade examples
  • Using the Narrow Iron Condor Expediter (NICE) Spreadsheet

Session 5

Dan Harvey and Tom Nunamaker

• Live trading of the Narrow Iron Condor recording

Session 6

Wayne Klump

• Structural edges and using fundamental metrics to balance risk across multiple strategies
• An introduction to the Adapt Intraday Options

Session 7

Scot Ruble from StrategemTrade

• Unbalanced Condors

Session 8

Scot Ruble from StrategemTrade

• The Morning Fade
• Trading the MOC Imbalance
• Short Butterfly

Session 9

Scot Ruble from StrategemTrade

• Live trading recording

Session 10

Amy Meissner

• The Wide Iron Butterfly

Session 11

Amy Meissner

• Amy’s Iron Condor Variations

Session 12

Tom Nunamaker

• Jim Olsen Iron Butterfly
• Breakeven Iron Condor
• Asymmetric Risk Butterflies
• Vertical Spreads

Session 13

Tom Nunamaker

• Spreadsheets walk through

Session 14

Tom Nunamaker

• Live trading recording

More courses from this author: Aeromir