I HAVE LEARNED TO TRADE IN THE MONEY 0DTE OPTIONS EARLY IN THE MORNING BECAUSE THE TIME VALUE IS LESS AND GAINS CAN BE REALIZED QUICKLY, AND MAKE OUT OF THE MONEY HEDGED TRADES LATER IN THE DAY AFTER TIME VALUE HAS BURNED OFF.
A FEW TIMES I MADE OUT OF THE MONEY TRADES EARLY ONLY TO WATCH THEM STAY FLAT IN THE FOLLOWING HOURS EVEN THOUGH THE MARKET MOVED IN THE RIGHT DIRECTION.
THE STRATEGY I HAVE USED GOING INTO END OF Q2/H1 PUMP WAS TO TRADE IN THE MONEY 0DTE CALLS ON MORNING GAP DOWNS SINCE GAPS HAVE BEEN CLOSING.
FOR WEDNESDAY I EXPECT THE USUAL BUILD UP GOING INTO FED MINUTES AND WILL LOOK FOR A GREEN SHOOT TO SHORT. HAWKISH FED MINUTES WILL INDUCE A RUG PULL!!!!!
IF I AM WRONG I WILL STILL BE PROTECTED WITH A CALLS AS A HEDGE. AS LONG AS THERE IS VOLATILITY IN ONE DIRECTION OR THE OTHER... AND THERE WILL BE ON FED DAY AS ALWAYS!!!!!!!
HERE IS AN EXAMPLE HOW MUCH OUT OF THE MONEY LATE DAY 0DTE OPTIONS CAN MOVE:
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