I am retarded and can't papertrade because thinkorswim is fucking bugged to shit and need to understand why something wouldn't work. I LITERALLY DON'T UNDERSTAND WHY IT DOESN'T WORK.
OKAY so get this. In AUGUST every single day, the SPY dipped one point below open. Okay.So what if, what if every day on opening you just placed a 0DTE 1 width ITM debit put spread? So market opens 765.5, you place the spread as 766-765. It goes below 765, you start gaining money quickly. It goes above 766? Who gives a fuck it will go back down later.>Ohhhhh but time decay but XYZ or whatever the fuck OKAY, so you ALSO set up an automated close order at 30% profit! 30%! Are you seriously telling me the market can dip below your lower strike every day! Every day! And not trigger a 30% profit sell order in at least 90% of those cases??? Can it????? I don't know!It must be wrong because everybody would be doing this if it worked, but I don't understand why it doesn't work???And I can't test it to see what the fuck happens without putting in money because I can't fucking papertrade!!!!
>>62656713>It goes above 766? Who gives a fuck it will go back down later.Oh no, he's retarded.
there are a million quant bots who already analyzed every simple statistic like this to scrap the tiniest edge on 1000 different trades, and market makers have priced it inIf you want to find an edge, look at a more niche asset. SP500 is the most watched fund in the world.
>>62656713>options tradinggambling for idiots
>>62657595this except you will never have edge
>>62656772There are several variables that affect options prices. It's not just intrinsic value. If you want to learn, go watch Tastytrade/Tastylive's videos where they talk about all this stuff and how to approach crafting strategies for entering and exiting trades.
>>62657659>If you want to learn,ahahhahahaha>watch (YT moron grifter) videosAHAHAHAHAHAHHAHA!!!!!!!!!!!!!!!!!!!
>>62657688You fucking morons STILL think its somethiny YOU CAN JUST ''''''LEARN''''' apparentlyFUCKING IDIOTS!!!!! Just LEARN it XDD from a fuxking YT clout grifterHoly fuxking shit guysYeah im just LEARNING dude. Ohh i just LEARNED options dude. What? HFT quantniggers slaughter your ass in PICOSECONDS and here you are thinking youre LEARNING HOW TO TRADE OPTIONSExcuse me while I LAUGH
Brooo I just LEARNED options! Wow! Thats all i had to do. Free money. Just LEARN it bro! It's like baking a cake! Or riding a bike. Just learn it dude! Amazing! Hey I LEARNED options guys soooo ummmm well I just make $2M every day I just learned thst shit.What? What do you mean they use ASICS and huh? What? The trading algos are so fast that its not even running on OS but at the chip level?? No way dude I LEARNED options man I LEARNED that shit. Huh what do you mean? Distance to the exchange datacenter? Dude my intrrnet is like 34ms latency bro Im LEARNING optionsThis fucking shit is exactly why pigs will be slaughteredBtw 0dte options are more volume than regular buyingBut hey just predict the next nanosecond bro yoire all good its just learning options. Totally not a random walk, totally not controlled by Jane Street and Citadel. Oh did you know your orders dont even reach an exchange goy? And that like 40% or 50% of the whole shebang is dark pools?Nahhh just ignore all that and join a YOUTUBER who TEACHES (xD) options!!! Brooo Learn Options bro. bro!!!!!!! Fr fr
Hey dont foeget to place your stop loss 0.5% under the >SUPPORT (xD)!!!Surely nobody will put their stops there. Surely they wont stophunt retail . Bro Just Use Stoploss so you can perform market sells/buys at the most illiquid points after the orserbook is completely cleared. So dont forget your stoploss.And make sure it's 0DTE.Anyrhing longer than 1 day is for total losers.
>>62657503Elaborate.
>>62657708I sell you the options you lose on bucko
