Various strategies were covered in the workshop, such as:
- Jim Olson Iron Butterfly: Entailing a broad butterfly spread initiated at the beginning of trading, typically lasting 10-20 minutes.
- Narrow Iron Condor: Introduced by Dan Harvey, this strategy blends elements of both the Iron Butterfly and Iron Condor strategies, boasting an impressive track record with an 80-85% success rate among participants.
- The Morning Fade: Shared by Scot Ruble, who previously utilized this technique as a market maker in the CBOE pits, this strategy touts an approximately 80% success rate.
- Trading the Market-on-Close (MOC) Buy/Sell Imbalance: Scot Ruble also discussed his approach to using MOC buy/sell imbalances at the close of the trading day to assume long or short positions, provided specific conditions are met.
- The Wide Iron Butterfly: One of Amy Meissner’s preferred strategies, which has produced excellent results.
- Amy’s Iron Condor Variations: Amy Meissner also delved into her favorite iron condor strategies.
- Wayne’s Calendar Spreads: Wayne Klump explained his approach to trading calendar spreads using 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.
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
More courses from this author: Aeromir
Course Features
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes
