How to Make Adjustments to 0DTE Mid-Trade
Hey trader, 0DTE options can be a lot of fun to trade…and profitable…but only if you know HOW to use them correctly. It’s fine to treat them as lottery tickets. However, you need to be prepared to make adjustments to limit risk based on market conditions. Let me give you an example. Tuesday morning yielded a breakout trade setup. I bought two 0DTE XSP calls Tuesday for 33 cents each once I got a buy signal… …and then nothing. The tape just chopped. That’s NOT what I wanted. Every minute that ticks by eats away at the value of my options. I had two choices: Sit there and hold it, hoping like a doofus something would happen Adjust to the market conditions I went with option #2. By selling that higher strike, I cut my cost to $3 per contract, while still giving myself a chance to profit on a