If you don’t have the time to spend all day catching flies with chopsticks trading 0DTE, perhaps it’s time to take a relaxing 45-minute ride on the 344. The ride itself may last only 10 minutes. The rest of the time is spent preparing for the opportunity. Best of all, you can start and finish the entire process within 45 minutes.
The 344, while explained in detail here, is the ticket you can punch 2, 3, or 5 days a week with very little effort and/or capital.
I use E*TRADE, which allows me to hold 0DTE positions without an automatic closeout. Many platforms impose their own 0DTE risk controls and may close your positions at designated times, leaving you with little control over the outcome.
This post is as concise as I can make this trading strategy. All times are ET … Good luck!
- 3:20 PM – Find a mover (QQQ, SPY, IWM, NVDA, MSTR, IBIT, etc.) with a 1%+ intraday move.
- 3:25 PM – Open the option chain. Focus on ATM calls and puts priced from $0.11 to $0.40.
- 3:30 PM – Select your underlying and monitor premium behavior (calls and puts ATM)
- 3:32 PM – Consider scaling into any leg (call/put) trading below $0.20.
- 3:44 PM – Call and put premiums are often closest in price. Build your position.
- 3:45 PM – You are in the trade
- 3:55 PM – Place YOUR sell orders. A 50% target per leg is often achievable when the setup is right.
- 4:04 PM – Yes, this blog post says no exception – exit by 4:00 – however, make sure all is closed out by this time.
The hard truth: If you use stop orders, you will often get stopped out of the wrong leg and, more likely than not, both legs, turning yourself into a premium donor in less than five minutes.
Many times, the leg that reaches +60% first while the other is down -70% ends up being the loser. The losing leg frequently reverses and becomes the +300% winner.
After trading this strategy more than 100 times, I’ve seen this happen in well over 50% of setups.A
Do your math when the market is closed. – if trading $100 ea leg, you may have 10 – 11¢ contracts for one leg while having 4 – 25¢ cntracts for the other leg
Set sell orders to recover capital from both legs … put yourself in the position to ride a potential closing imbalance for free.
On most days, if you watch … you will bail out. HANG ON! +200%+ – even 10x – can happen in seconds.
With sell orders placed for balance (after free ride) set to +400% I watched gains go from 380% to -20% back over 400% within 30 seconds.
Place your orders – walk away – make sure you close EVERYTHING by 4:04
What I expect …. one leg is worthless ($100 gone) one leg returns +150% or better ($250)
