Duration: 25:17

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0DTE Credit Spreads are a great alternative to buying call/put options, as they take advantage of time decay and become more profitable as long as price falls into the profit zone on the day of expiration. But you have buy to close the same day you open them!

Using some technical indicators to reinforce entry into a trade, I show how to open a credit spread, and discuss a few profitability traits of credit spreads.

If you prefer to sell options that work like a standard call/put option, 0DTE Credit Spreads might be a good strategy for you!

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[0:00] Intro
[1:22] Pattern Day Trader Recommended
[1:58] Advantages and disadvantages of 0DTE Credit Spreads
[3:34] Daily 0DTEs on SPY and QQQ
[4:43] How to open a 0DTE Credit Spread
[5:20] Bull Put Spread
[6:43] Different Risks of "Out of The Money" and "At The Money"
[9:41] Bear Call Spread
[10:34] Buy to Close when %/Price Target has been met
[11:20] QQQ 0DTE Bull Put Spread Example
[14:00] COST 0DTE Bull Put Spread Example
[17:47] 0DTE Credit Spreads as alternatives to only Buying Options
[18:49] All tickers allow 0DTEs on Fridays
[20:04] 0DTE Credit Spreads can be cheaper than 1 week Buy Call/Put Options
[20:55] Using VWAP and other indicators to assist trade confidence
[23:02] Quick review of selling Bull Put Spread/Bear Call Spread, must Buy to Close for profit
[24:00] Closing remarks

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📜 Legal Disclaimer:
I am NOT a financial Advisor.
This video is for entertainment and education purposes only.
This video is not financial advice.
You can lose money investing into the stock market.
You are liable for any losses that you incur from investing in the stock market.
I shall not be held liable for any losses you may incur while investing or trading on the stock market.
Contact a licensed financial professional in your area for professional advice.