About Course:
The workshop covered various strategies, including:
- Jim Olson Iron Butterfly: This strategy involves a wide butterfly spread initiated at the start of trading, with trades typically lasting 10-20 minutes.
- Narrow Iron Condor: Dan Harvey introduced the Narrow Iron Condor, which combines elements of both the Iron Butterfly and Iron Condor strategies. It has demonstrated a strong track record with an 80-85% success rate among participants.
- The Morning Fade: Scot Ruble, who previously used this technique as a market maker in the CBOE pits, shared his insights. This strategy boasts an approximate 80% success rate.
- 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.
- The Wide Iron Butterfly: Amy Meissner shared one of her preferred strategies, which has yielded excellent results.
- Amy’s Iron Condor Variations: Amy Meissner also covered her favorite iron condor strategies.
- Wayne’s Calendar Spreads: Wayne Klump explained how he trades Calendar spreads using his proprietary tools.
- 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 of which were successful and collectively yielded just under $900. These trades utilized $3,000 to $9,000 of margin each day.
- 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.
- 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
