Desert_Haze_

Desert_Haze_ t1_iugt30b wrote

For judging the strength and weakness of individual stocks, you have to look at indexes and how they are doing. Otherwise you are just blindly trading. If you have to look at indexes anyway, it's easier to trade 0dtes of them which are highly liquid. And indexes move fast as well and the option premiums move fast. So, for daytrading these index options are very good.

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Desert_Haze_ t1_iugsvw5 wrote

I do like quick scalps, mostly less than 5 minutes, for which I prefer SPY/SPX 0dtes. After I enter I wait for quick moves in my direction, if not I generally get out quick. You have to extremely cautious trading 0dtes regularly. You will lose and you have to accept it and cut your loser well.

On Thursday and friday I also trade weekly options for some stocks which are either showing strength compared to the market or weakness.

If you want to hold your options for more than 10 minutes, I'll advise against trading 0dtes. In that case, I will suggest 1dte SPY options or weekly stock options.

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