0-DTE Kaizen
By Ernie Varitimos
October 21, 2021
0:00 / 22:33
0-DTE Kaizen

3, 2 1 LIVE, All right? It looks like we're live. How are you doing friends Ernie here with the zero dash D T E podcast. And this is the companion podcast to the service also by the same name, zero dash D T E. And that stands for. The last day, zero being the last day of expiration for options on the S and P.

So what does that mean? That means that that's what we do. We trade options more specifically, we sell premium on the very last day of exploration on the S and P. Now there are a number of ways you can do that. You can do that by trading options on the futures S and P futures like the. Probably one of the most popularly traded assets in the world, or you could also trade options on the SPX.

However, the SPX has its issues. The biggest one being that it doesn't trade 24 hours a day, like the mini does. However, that's all going to change November 21st, when it will start trading then, and then the S P X will be squarely in our wheelhouse. You could also trade the spy, but the spy really doesn't have the same advantages as the other two it's.

Okay. But in any event we take advantage of the extra ordinary decay and premium on that very last day. And the really remarkable thing is that it's one of the very few. Options contracts that has an expiration three times a week. I mean, you've heard of weekly options and those are pretty cool. You have at least four opportunities a month, sometimes five to trade a weekly option that expires at the end of the week.

But the SPX, as well as the MDX, which we are looking at someday in the future, also trading, but the SPX, the, E-mini, the options on there. The S&P has three contracts a week that expire on Monday, Wednesday, and Friday. Now there are a number of services that are out there that are also practicing a title.

Strategy. I wouldn't say it's similar to ours. As a matter of fact, I would say it's kind of like the exact opposite of what we do. And the real differentiator there is that they trade within extreme anxiety with huge risks, seeking very, very small profit potential. What we do is trade with zero anxiety.

With extreme, small risk and very large profit potential. And it sounds like a no brainer which way you want to go. And in fact it is, and that's because, and because of that fact, many of the people that are trading in these other services are flocking to our service in droves. They all come to me and they say are any know.

You're a video connected with me when you were telling me about all that anxiety, those anxiety ridden days, which are very often, by the way, almost every day that they trade where they're biting their nails, hoping that they don't stop out. Because as soon as they get into the trade, almost immediately, they go into.

Which is something that we don't fear. And even if we do, we don't fear it because our profit is huge potential and our risk is very small. So it's an easy ride. We can trade literally one 10th of the capital that they do and make as much or more profit. Now, which way would you rather trade? Would you rather trade anxiety?

For the potential of making a very small amount of profit, always in fear that you're going to hit a max loss and wipe out the next 2, 3, 4 weeks or the last 2, 3, 4 weeks of profit. If you, if that's what you did or would you rather trade with zero anxiety, not a care in a world. If you lose, I'm not saying you shouldn't care that you lose, but the pressure is all off on you with the potential of making.