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    Scalping spy options reddit. yes, you can scalp spy options.

    Scalping spy options reddit 194 users here now. And if you say you don't have time to train (ie paper trade or only buy 1 contract) then you will probably keep losing money 5. Side note: I just started using TastyWorks which I think is much better than other tools for daily options trading. It never fails that when I play spy options it will hit my strike at 4pm. Not so much the next few days Check out spyoptionaire on reddit and YouTube. yes, you can scalp spy options. spy contracts wiggle around a lot so if you're playing for 10c / 15c moves it can be challenging to maintain a win-rate sufficient for a This is my exact strategy. It's definitely doable, lost my ass on options for the first 3 years but now consistently Get the Reddit app Scan this QR code to download the app now. 25 as the price of SPY goes up. I get in and out right away and rarely have bad fills because of the liquidity. 10-. Once the market opens, volatility will rise significantly. I scalp shares, I don’t do options. Discussion Do you guys ever choose next day, even when essentially intra-day scalping just to give yourself a little more time to recover if you guess the direction wrong? 13 subscribers in the optionscalping community. Advice I trade 0dte SPY options using price action, supply & demand and volume price analysis. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and Other than liquidity, everything else is better than SPY, and tbh some people use the spread on SPX contracts as being a bad thing over SPY as they can get wide, but usually you'll spread between . I recently stopped investing like a responsible adult in long term undervalued stocks because I consistently lose money. When I have an unrealized loss and it crosses both amount and time thresholds, I immediately close the position, wait for a good setup and enter with a 10 cent trailing stop to recuperate some or all of the loss. I cash out profits after each trade. TastyWorks also has a compelling sign-on program that is worth up to $500 - honestly a no-brainer based on a minimal $2,000 deposit. Posted by u/grammerknewzi - 2 votes and 7 comments Big Scalp: Buy the option 5 minutes before the market opens, taking advantage of the lower volatility level at that time to get a discount. get reddit premium. Here is the chart i used today. I don’t worry about the % at all. Or check it out in the app stores Before you trade SPY 0DTE options or futures as someone else suggested, you need to actually get good at predicting where the SPY will go. 25, for example while the price of SPY moves against what would benefit the price of the contract. A few setups I use to scalp SPY calls: On a choppy open, buy calls when you see a double bottom forming near the low of the opening range, sell on a retest of VWAP or 20ema I’m talking about the option price. there tend to be more spikes up (or green candles) but they are very small, so theres more opportunity for a . r/options • SPY OPTIONS. The premise is simple: - See the price action on Chart #1 Indexes like SPY, QQQ, IWM & I’ve been scalping spy and have made about 700 a day in the last 11 days with zero losses. Or check it out in the app stores SPY OPTIONS . When scalping options, you are basically trying to buy low & sell high. By default, it is set to 10 I've scalped SPX and ES using options. Set a Stop Limit of +10% and -5%. Scalping 0dte options with a small account before you do that is a losing game. UVXY usually moves inversely to the SPY about 90% of the time. For anyone scalping SPX or SPY. Scalping Options Buy SPY long options 5% OTM with 45 day DTE. (so on spy option call 390 011123 current I daytrade spy options using my chart and price levels. You can really hurt yourself with futures. Do you want to trade options on the underlying SPY ETF or do you want to trade the S&P 500 index? SPX options cost roughly 10x as much. If you're scalping, you should be in and out in only a couple minutes at the most. But it’s not easy a id like to try to widen my time frame out and do more of a swing trade strategy. So for a couple weeks i've switched to large caps as it works better for my strategy. My only recommendation would be to create a calendar with key economic dates and political press releases. The highest volume option on the planet, SPY, may be workable, because of low bid-ask spreads, deeper order book, and high volume. I am currently using thinkorswim to trade options. I appreciate that. i personally think focusing on 1:2 scalps is better because it will cause you to be a bit more selective on your scaling setups. Which strike price would be best if the trade is about 10 mins? The market is downtrending and i am buying puts with the I've been successful scalping SPY on robinhood commission free but i'm not a fan of overall execution. 8 or so. Options are crazy volatile, especially on TSLA, so it's best to take your win and jump out vs letting it reverse on you for a loss. I stopped the trial after The minute lvl is a bit noisier than longer interval for options perhaps but still extremely tradeable. due to these factors i only use index options on 0DTE or on market indices. In the end, you should just trade options if Get the Reddit app Scan this QR code to download the app now. But I want to get out of debt now, so the 10-20% gains, “will never get me financially free” is what I tell myself. Options pricing move either in tandem or opposite to pricing of the underlying (depending on whether it's calls or puts) if the liquidity is high on a minute by minute basis so it stands to reason you can scalp options if you can scalp stocks. If the price of the option is less than 1, you will pay a bit less as well. SPX. Just gotta pay Hey guys, I usually trade futures and options on futures (ES, NQ etc). It is more complex than that but that's the gist. Scalping credits and/or credit spreads can help with risk management as well. Some brokers will add the same surcharge to all SPX option orders to simplify. I find it the right risk-reward ratio for me, psychologically speaking and also because I have a job and being on top of things intraday sometimes is not possible. At the end of the day I noticed I had 40 day trades. there's no 30% moves I’ve been doing options this week after learning about it with an account of £1109. Reddit's home for anything and everything related to the NBA 2K series. I tried using an ATR-based trailing stop on the option itself but found it was unreliable because of the wild swings that can occur when the underlying changes directions. If it's a Thursday or Friday, I'll roll to the next week options chain, as it helps preserve profits as the IV crush can be nasty on a 0 DTE option. 01 pps for nearly all its contracts. I know some traders who have the $ to afford to daytrade/scalp 50-100 contracts at a time on SPY. OTM options have 0 intrinsic value). Don't glorify losses or post wins without context; details here. Additionally, my bread and butter is SPY and QQQ. 47 to go to . Started with literally 100 dollars scalping SPY 0DTE ATM options and taking profit at 20-30%. Not suitable for option spread sellers. I rely mostly on price action and volume and use rsi and a few emas as supportive info. I’m also daily scalping spy and tsla, playing with the Lol not a single comment made by someone profitably scalping spy OTE options. I don't have the latest stats but at last check I had a win rate of 80% and a profit factor of 2. If I was to scalp spy just one contract per a trade, what would you guys say is the minimum account size I would need to get started once I’m doing well with paper trading. That’s why I’m only scalping spy and not speculating on stocks or options. . Week 1-- Another week of practicing/getting wonderful experience dealing with scalping 0DTE ATM SPY options! Unfortunately, I think I've started to develop a habit of trying to play both sides whenever I start a losing trade instead of, as I constantly need to remind myself, just taking the L when I'm wrong. There may also be some add ons depending if the option went through AIM (automatic improvement mechanism). But lately SPY is rarely falling, it's been slowly grinding higher most days. 60-. Posting & commenting requirements: Three (3) day old accounts and minimum 10 comment karma; also follow the rules below: Subreddit Rules. Welcome to FXGears. One thing I will say you can try SPX it will allow 10:1 cons vs spy the few people I do see scalping index's well over time with options tend to use SPX. Helps me come up with my plans Does anyone scalp options on things like spy and if so do you go with the trend of the day or look for a pull back from the trend? Also do you guys Scalping is hard to do profitably, but many who do trade spy. 60 (im using today's SPY 498 call as an example) several ups and downs of . I will definitely do that, but having trouble finding out which package/s I need to get to trade and scalp SPY options in the live personally, I think a scalping style of trading requires at the very least $50,000 IF you want a CHANCE at lets just say a $100 a day. Yes it can be done choose 50 delta and yes you have to be directionally correct. Since I'm using a cash account, I've been scalping 0DTE $SPY as one of my strategies and it's been doing quite well. Spy alone keeps me going each day, i usually make 1 or 2 trades and sometime 3 per day. Only indicators i use is 50 sma, vwap and volume. The only downside with scalping SPY is it can be very sensitive to breaking news, both economic and non-economic. It has morphed into a safe haven for those that desire to learn investing free of nonsense, yolos, lottos, drama and all/any other irresponsible Get an ad-free experience with special benefits, and directly support Reddit. I currently average $500/day. But not the option Bid/Ask prices. What I do is establish a bias based on the daily chart I am curious to hear if there are many people here making a living scalping just Spy options. 6% in 4 days. I only trade SPY, SPX and QQQ 0-1dte options on the 1 min chart looking for trend continuation through support and resistance levels. Scalping 0DTE SPX and SPY options Webull or ThinkorSwim . 5K subscribers in the StonkFeed community. 0 DTE is better used for scalping. I find spy becomes a lot less predictable once volume dies down a bit. When they are at the money the delta is good enough that if SPY moves a dollar or two you make 20-30 on the option. Which means your commissions will be 1/10th for the same trade. The dude only scalps spy and has a pretty decent success rate. in fact i only use index options for market plays and hedges in general. Better interface, IMO. I do like TTM WAVE over RSI though for current buy/sell momentum. Stock Market News Feed for Idea Generation Best viewed on PC with Reddit Enhancement Suite Use an Auto Stops are a good way to manage risk while scalping, but stops with options don't work really well. Another amazing resource for SPY is smarttrading. Just scalping a single contract at a time. It's preference, SPY vs. This community was founded to teach others about realistic and responsible options trading. Avoid stop loss orders with options. There's plenty of free info online; I've found Investopedia to be very informative. Is there a preferred broker or setup for scalping? Can someone give me an example of the steps of a scalp. Until now. Day to day flow has a big impact on the profile for the day. The typical option has 3 to 5 ORDERS OF MAGNITUDE less volume than the stock, leading to jumpy prices and thin orderbook, and thus early exit from the position. If you are scalping and getting in and out quickly, within two-ish minutes, and really feel a stop loss will help you, id suggest a trailing stop when you get going. PAPER TRADE before you trade real futures, and be profitable for at least three months before you trade real money. Decided to trade less than 20 times a day to reduce exposure to risk (typically 7 trades a day, 1DTE, 3 cent scalps). I'd say I normally trade around 500 (up to 1000) contracts per week. Or check it out in the app stores   So if I sell a single spy option at a 3K loss, then buy it back for 5K later that day, then my cost basis is 8K, and I now am taxed on gains or losses from that new cost basis. Thinking about going with TOS and trading options there, although they're not commission free. While your max loss traditionally is 500 - credit received, if only the short strike goes ITM, you can end up being assign 100 shares of SPY and half to hold over the weekend what is $40k in notional value and be at the mercy of the market on Mondays open. If I want out quicker I’ll hit Flatten. In other words, the price of a put contract stays at $0. Whether I'm trading SPX, SPY, QQQ. Options are a great way to express a view on volatility, and therefore, put direction aside. If hes using at the money options with a delta of . Never do 0dte Has anyone here had success, or know anyone who's had success, scalping at the money SPY options intraday? I'm talking down to as short a time frame The cards are heavily stacked against success with scalping spy options on the 1m unless you are only doing it a minimal amount of highly calculated times. I only traded options a few times on Webull and gave up on it. Mainly I've attempted this with 0dte SPY Strategies like the SPX Best Options Strategy and SPY Ride Trade provide structured methods to navigate the options market with a focus on risk management and If you have a strategy that’s consistently profitable with 0 DTE SPY options then by all means go for it. I am working 3 jobs and grinding off all my debts, using options to increase my weekly earnings. I scalp 1-2 dte calls/puts. I have good intuition on it. I had a few people message me about this so thought i'd create a post. That's pretty much it. I scalp SPY as well, its fairly simple and with Schwab I often get lucky right out of the gate with good fills. Or check it out in the app stores   Is there a max trade size for scalping SPY to stay below? I did some trades yesterday at $100k apiece, scalping 500 x $2 OTM calls and puts, and cleared about $40k with a few 2-3 minute trades. 0dte options trading VERY difficult and your odds of being successful without a lot of practice are near 0. I feel like scalping is easy for me to do because if I do have a loser trade then its i dont have many trades in scalps but im looking to get into it and my main attraction to is the choppiness. spy chart and levels for yesterday Follow a guy on twitter named @AdamMancini4, Trading the SPY is my main squeeze, and Adam makes it one million times easier. Hi all, I always see posts about SPY options and scalping, 0DTE, weeklies, 45DTE. How does one “scalp” options? When I scalp forex or futures it’s 1 click. plus index options, as mentioned by The conservative way to play 0TDE options is to set a max draw down on your account balance example 5%. Trading one thing and one thing only is preferrable so that you can get a feel for how the beast moves. 46 $523 4/4 puts and turned them into 5. 50*100) Get the Reddit app Scan this QR code to download the app now. Hi. I enter and exit on the 1 min chart but look at longer time frames for areas of resistance and support. So, since there are no commissions to trade the SPY you can trade hundreds at a time. $3x100x5 is my target. So my experience with executing option trades takes quite a few clicks before the trade is sent. I was thinking of scalping 0dte spy options and looking at really short trends but i heard it was just gambling If you have a strategy that’s consistently profitable with 0 DTE SPY options then by all means go for it. When trading 0dte - watch out for the afternoon session if opened positions in the morning. I’ve been day trading SPY options since October of last year and while I was doing well last year, this year started out pretty rough. 75 cents to make like $600-$700 a day. I've been on this journey of discovery and education in the art of options scalping for about 8 months. e. Contracts with deltas of 30+ can move 10-15% easy on a scalp of about 50 cents on the underlying. When its real money its really hard. My questions is what is everyone using to decide which option to take? What I mean by this do you all trade options I personally grew my account 40% in 11 days just scalping SPY options, but gave it back and more the following week and a half by trying intraday day trade strategies where i held losers longer than I should have. Hello everyone so I love trading spy I’ve had success with it mostly scalping off the 1 and 3 minute charts using support and resistance lines, stochastic rsi, and squeeze momentum. I’m now up to £1,821. Reddit Members, for your safety, never share your Secret Recovery Phrase, email address, contact information, or any information that relates to your personal Trading SPY/QQQ derivatives successfully requires you to make accurate predictions on the market. To me 30% is a long way to run on a “scalp”. For SPX Weekly (PM) they are slightly less. I trialled posting triggers on Reddit initially to see if others would benefit. This is a technical question. Only ITM options have intrinsic value (i. I don't care about the closing price, I care about the range from the strike prices being large enough to trigger my take profit. Ideally scalping is a quick in and out taking the high spikes. In other words, don't use market orders, even on SPY, right as the Fed is making a policy announcement. never on assignable ETF's like SPY. Dude I trade SPY options daily with 3k too, and you need to look at the 3 month chart hard. I’m also trading on a desktop gaming computer, maybe that’s a factor for you? I like to scalp spy options too. So i thought I would just play options and that would solve everything. I remember first 'discovering' SPY options. I’m scalping ITM long options near delta 1 on Spy using market orders for entry and exit on strikes with tight bid/ask spreads. +10% to the account on the first day. You need to prove that you can actually do that on a paper trading account before it makes sense to risk your hard earned cash on 0dte options. I’m kind of scalping but with options trading on waves etc just to use the high leverage on daily options. I scalp SPY options and enter with Buy the Ask with preset brackets to take profit. scalping spy options . club. What setup do you use? I can’t say I’m anymore than a random Reddit user though Reply reply Let's Talk About: Exchange Traded Financial Options -- Options Fundamentals -- The Greeks -- Strategies -- Current Plays and Ideas -- Q&A -- **New Traders**: See the Options Questions Safe Haven weekly thread View community ranking In the Top 5% of largest communities on Reddit. Or check it out in the app stores   Scalping Options on SPY & QQQ . Does daily ta videos on YouTube and has a discord. I've been finding some success with scalping trends in SPY options. The leverage is very high though, as well as the fees, and it's easy for things to get out of hand. 10 or more is pretty good to scalp. Or check it out in the app stores   I'll have to give it a try as my primary source of funds is scalping SPY options. Developer-supported and community-run. I trade using this method to scalp on options on a single monitor. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If you're new to day trading, please see the getting started wiki. I've been experimenting with gamma scalping the micro futures while holding a long straddle or strangle on the minis. 8K subscribers in the scalping community. HAIL MARY OPTION MOVE FOR SPY I use the 8 & 20 emas and VWAP on a 5 min chart. Ive been doing pretty well though. otherwise its full account trading for small moves over and over, i despise utilizing and really risking I'd say that the only time you should ever use a market order for an option is for an extremely liquid underlying, like SPY, during normal market conditions. Alternatively, you can trade XSP (so similar prices to SPY but cash-settled) although the liquidity is not as good (cuz it is relatively new) so the bid/ask spread is wider. Do not trade options until you know more about them. With Robinhood it's very easy to construct complex options trades and when you click on the option in their pricing matrix you get all of the important information that you need, including the greeks and probability of profit. But the core issue is that you’ll be eaten alive by theta decay and any movement in the I am looking to scalp the SPY more, but would love some good resources on understanding it. I only trade from 9:30-11:30. 80 or . 30 on 0dte, thing is the ATR on SPX is 10X SPY's daily ATRso you'll be surprised how quickly and easily you can cover the spread on a good move (long calls and puts) if you Overall, buying options to express a directional view is not a great strategy. I buy like 500 shares at a time, so I just need spy to go up like . Experience is important and the only way to get it is do it. Get the Reddit app Scan this QR code to download the app now Why don't you start with SPY options they are 1/10 of SPX. From a technical/signal to a exit View community ranking In the Top 1% of largest communities on Reddit. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 6 months of data. What would be a good account balance where I could potentially risk 1-2 percent a trade but would still provide a. I do prefer SPX and SPY though. I'm in my second year and saw consistency last month which was very promising but since the rally If you can scalp successfully, great, more power to you. Or check it out in the app stores   Scalping Options during low vol market phase . Reply reply ShoulderHuge420 • r/algotrading Welcome to FXGears. 67 call to go to . A place to focus on learning and discussing the stock market (as well as some quality shit-posting and meme'ing opportunities). No memes, jokes, or NSFW content go here I scalp spy options (avg trade length is ~3min) in the first 30-45min of the open and then i'm done. Update: Up 19. My strategy is scalping consistently for 30-40% . If you find that you aren't having much luck scalping, I would recommend buying longer term options (min. I trade pattern breaks with volume for confirmation. I usually use limits on SPY options but I sometimes miss my planned entry/exit. Why am I pulling in $500 a day for the last week, risking no more than 2k. When I compared to what's available on Webull some time ago, there were very limited strategies with option. Lol. Do the top stock lead the SPY or vice versa? Discuss here if you have had some experiance with This strategy is designed for same day SPY option scalping. Reply reply Brilliant Just to add what others have said. SPY is very liquid but it also moves fast, especially on news. Extrinsic = time value (theta) + volatility (vega), and intrinsic is price - strike. I try to make $3 per contract and I’m out, don’t care about what it does after I’m out. 50 that means his risk in the SPY should be no more than $2. Crazy day on SPY options. Consider what happens to a $5 credit spread that’s ATM. The home for discussion of stock and futures scalping. Opted for scalping SPY on the 1minute cocaine chart updating support/resistance levels every minute or so. 2 in the wrong direction with 1 contract (110/ (. It’s extremely predictable in the way it moves, the difficult part is the fucking Implied Volatility pricing which has been complete bullshit lately. It Basically, an option's price has extrinsic & intrinsic value. 32 votes, 18 comments. One of my favorite features of TOS with options is that it draws the estimated underlying value for your open orders on the chart. The options are reasonably priced, there is consistently good liquidity, and the spreads are good. Flip it for calls. Took $0. One contract at a time. Its easy to objectively make good - and well timed - entries and exits when real money isn't at risk. Stay on topic: No content unrelated to Daytrading. SPY doesn’t typically move more then 1% per day, and my stop loss is so tight I would need to lose dozens of times to lose 1% of my account value. Get the Reddit app Scan this QR code to download the app now. 85 in 2 days with 0 losses. - The price of the contract has been sitting a certain price, $0. Risky as fuck but I’ve been trading on and off for 5 years after blowing a £50k account. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Get the Reddit app Scan this QR code to download the app now. Issue is, I don't have enough capital to be trading shares and actually be making profits. The catch-22 with options is that you make your entry and exit decisions based on the underlying, but it’s the option price itself that makes or loses you money. The SPX always has a commission Weeklies that are 1-2 OTM on names like AAPL, SPY, QQQ. TOS paper with real-time data will get you accurate price action on SPY. 2200 * 5% = max $110 drawdown. 3 months til expiry and close to the money, even if you can only buy 1 option at a time) and then swing them, holding for 1 What market data subscriptions are required to trade and scalp SPY options in real time? Hi, I recently got ibkr in Australia, to trade SPY options but found out that you have to purchase real-time data separately. My specific setup only comes up a few times a week but it’s high probability I'm a day trader and scalp SPY. You can easily lose a significant amount fighting for a penny, so don’t make limit prices a hard rule. I buy options that are usually 2 or 3 out of the money and am just looking to scalp the premiums. All I do I scalp options, usually weeklies. So today, I bought a spy and xsp put option 10 minutes into open. Or check it out in the app stores Home This community was founded to teach others about realistic and responsible options trading. 66 a contract. options join leave 1,268,415 readers. So if your trading 10 spy cons that's the same as one SPX con. I've spent the last ~6 months day trading 0-4dte options, basically buying calls or puts and attempting to quickly scalp out some profit. Edit: If you’re going to scalp the SPY, Puts are your best bet at the top of resistance level (which adam points out) SPY has massive liquidity on option contracts, so the bid/ask spread is 0. 30-0DTE 563$ calls purchased for 70¢ sold at close for 26¢, if losing money was the objective I can I don't think fills should be too much of an issue on SPY if you're trading ATM. If you’re saying you’ve seen the option prices line up with actual live data, I’m shocked. I trade small reversals on the 1 and 3 min timeframes. Centered on the community around Gherkinit / Pickle Financial's Youtube channel and financial due diligence but open to all looking to learn. 3. Within five minutes I'm up fifty bucks. Good luck. It's anyone's guess if you think that scalping long options requires a 5% or 15% or 50% OTM set and I've no idea if it is 0DTE (being intraday does not mean being 0DTE but Get the Reddit app Scan this QR code to download the app now. It has morphed into a safe haven for those that desire to learn investing free of nonsense, yolos, lottos, drama and all/any other irresponsible behavior that is inherent in most online communities. Two advice for your question: 1/ If you insist on trading 0DTE, you have to look at seasonality. i'm not scalping so i don't care as much about crazy liquidity and the index options have plenty enough of that anyway. 19 for gain For SPX (AM) they top out at . Get the Reddit app Scan this QR code to download the app now The theta will eat your premium even if the underlying price eventually comes back to when you purchased the options. Best strategy is to close by noon One last thing I've observed, at least when trading SPY, the Put side seems like it's easier to catch due to the fact VIX is usually going up at the same time and helping the options price go up while the SPY price is falling. Futures are 100x the best way to scalp the SPY IMO, and are much easier to use stops on. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. I like the UI but I don't like the commissions and fees it charges. SPY/SPX scalping may turn out not to work, or not well enough to justify much more effort, but I’m confident that other types of plays would lend themselves well to either fully computer-automated or computer-assisted approaches. tywz zvldlv wbp isj isfui temlsh mcsam yjxf ruhux vwt ctrdsw byve uymrf mmgv zxpx