Same-day expiration strategies for intraday traders
0DTE options involve extreme gamma risk and can result in total loss. Only trade with capital you can afford to lose. Exit all positions by 3:45 PM ET. Never hold through the final 15 minutes.
Optimal entry/exit windows for intraday options
• 9:45-10:30 AM: Prime time - IV elevated but stable, best credit opportunities
• 11:30-2:00 PM: Avoid new trades - low volume lunch period, choppy action
• 3:45 PM: Hard stop - close all positions before gamma explosion
• Fridays: Add 15 min buffer (close by 3:30 PM) due to heavier flows
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Real-time scan for 30Δ and ATM credit opportunities
| Score | Strike | Type | Delta | Premium | Exp. Return | POP | Liquidity | Volume | OI | Spread |
|---|---|---|---|---|---|---|---|---|---|---|
| No results found. Adjust filters and scan again. | ||||||||||
Score = Liquidity (30) + Theta Decay (30) + Premium (25) + Delta Position (15)
Auto-generate credit spreads based on your risk parameters and market conditions
• Enter between 9:45-10:30 AM after opening volatility settles
• Target 50% profit (exit at half credit) or hold until 3:45 PM
• Use 50% of credit as stop loss (2:1 risk:reward)
• Avoid holding through 3:50 PM (gamma risk accelerates)
• On high VIX days (VIX > 20), consider wider spreads for cushion
Range-bound strategy for sideways markets. Max profit if SPX closes exactly at ATM strike.
Tighter wings = higher credit but less margin for error
Bias the ATM strike if you expect directional drift
• Best in first 2 hours (9:30-11:30) when IV is elevated
• Exit at 50% profit - don't be greedy (theta accelerates in your favor)
• If wing breached, wait 30 min then roll or close
• Avoid holding past 3:45 PM - gamma risk explodes
• Size smaller than credit spreads (more gamma risk)
Best For: Directional bias + high win rate
When: 9:45-10:30 AM, clear trend
Delta: 30Δ (70% POP)
Width: $10-15
Exit: 50% profit or 3:45 PM
Stop: 2x credit (50% of max loss)
Best For: Range-bound, choppy days
When: 9:45-10:30 AM, low momentum
Wings: $15-20 from ATM
Target: 50% of max profit
Exit: Wing breach + 30 min or 3:45 PM
Size: 50% of credit spread size
✅ VIX 15-25 (moderate IV for decent credit)
✅ Trending or range-bound (avoid whipsaw)
✅ No major news (FOMC, CPI, etc.)
✅ Liquid options (tight bid-ask)
❌ VIX > 30 (too much chaos)
❌ VIX < 12 (low credit, not worth it)
🚫 Never hold past 3:45 PM ET
🚫 Never risk more than 1% per trade
🚫 Never trade first or last 15 min
🚫 Never add to losers (no averaging down)
✅ Exit at 50% profit (greed kills)
✅ Max 3 trades per day
✅ Stop after 2 losses
0DTE options are highly speculative and carry extreme risk of total loss. Gamma risk accelerates exponentially in the final hour. This tool is for educational purposes only. Always paper trade first. Never trade with money you cannot afford to lose. Consult a licensed financial advisor before making investment decisions.