Simple Stress-Free Zero DTE SPX Options Strategy

[00:00] are you tired of trading Zero D options and not consistently making money or least a simple way to do it well I'm going to walk you through my simple and stressfree way to trade zero DTE SPX options so let me dive in and show you

[00:16] exactly how it works and how you can start making money today so this is the chart of SPX I'm going to show you exactly how we do it number one we need to pull up a charting platform so I have up tradingview.com which is a free

[00:28] indicator section and add this free indicator called the Ballinger band indicator so Ballinger bands once we add this we need to make a couple adjustments into what the settings are so we go into the settings Channel we

[00:44] doing a 200 as our length saying that the middle line will be 200 period what we want to see so how do we make money from this well well I call it the

[01:00] range breakout approach okay so the way that this works is if the market breaks above the top blue line we're going to do a call Credit spread that means that portion or or to the bottom part of this blue line we're going to enter in a put

[01:18] credit spread again this is only if it happens in the middle of the day if this happens overnight then we're going to avoid the trade what do I mean by this well let me give you two great examples exles number one this stock opened up

[01:32] here that SPX the next day on Monday or I should say over the weekend opened and gapped way down below here so it gapped down below this bottom blue line so if it's saying it's below this bottom blue line that would initially be a called

[01:47] aim to make money to the upside but the problem is it did that overnight and it gapped straight to it we don't want it to Gap to it we want it through normal

[01:59] price action trading in the middle of the day to go below this blue line so here's a great example right here we gap down below it and then nothing happened and then here we get a great trade we're in the middle of the day it broke to the

[02:11] the market to go down so we take the call Credit spread trade and then it moves against us and we make money same thing here it bro it broke above we take a call Credit spread trade and ended up going back against us and us making

[02:26] money so again if it breaks in the middle of the day you want to take a call Credit spread trade and so that's going to be the way it works in trending find ourselves in today what works best is trading these things you can see here

[02:41] breaks to the downside and Trend to put credit spread breaks to the upside break into a call Credit spread so again that is what we're looking at a very simple stressfree way of understanding what trade we're getting into and why now how

[02:56] do we target these trades well we're going to Target a 30 30 Delta trade so Delta call Credit spread if it breaks to the downside we're look for a 30 Delta

[03:08] um put credit spread and so again that's how it works now what happens when it's in the middle right there's no trade in the middle right we we're waiting for a break above or a break below for us to enter in the stressfree trade which is a

[03:20] great trade to take but how do we do this trade or handle this trade when the Market's in the middle when the Market's in the middle what you can Implement is called the meic approach what is the meic approach well the meic is from this

[03:36] video which is a super po uh popular s SPX trading strategy which is where you do a multiple entry iron Condor and iron Condor is where you bet above and and below a price and if the stock stays between it then you make money and again

[03:49] you can watch this video by Tammy which is going viral recently in the options world and a lot of and a lot of people are trading this on S on SPX she'll walk you through the specifics of it but when you combine the Mec approach is

[04:02] basically an iron Condor and you use it within this levels your win rate is going to grow up dramatically so again when we're trading within the Ballinger band as we have the settings all we need to do is put on an iron Condor where our

[04:16] call Credit spread is around this level and our put credit spread is around this blue level when we do that we structure an iron Condor that has a really high chance of us making money around the 70 to 80% range of us making money then

[04:31] call Credit spread when it goes to the downside we get rid of our call we do I put credit spread so either way super simple I know I've thrown a lot of information out to you so let me condense it one more time we open up SPX

[04:47] on or see I'm on on SP now we open up SPX on our chart same deal we're going to add the Ballinger bands indicator we're going to have a 200 period for the middle if it breaks to the upside during normal tra tra uh trading hours we're

[05:01] going to take a 30 Delta call Credit spread trade if it breaks to the downside we're going to take a 30 Delta put credit spread trade we're going to have an ideal take profit of holding until expiration or 50% whichever one

[05:17] you find best works for you for our stop loss we're going to use our strike price whenever the Delta moves from 30 to 50 or roughly 30 to 60 when our when our contract moves to end the money going to exit that position so that's going to be

[05:32] around a 100 one 100% loss so for instance I'm just making up numbers if we enter in at $100 which means we enter a credit spread and we collect aund uh uh $100 when it gets to$ 200 or 250 we're going to exit the trade so that's

[05:48] kind of how that works now the same way we're going to make about 50 to to to $100 per trade and with this really high win rate it works out now when we're trading in the middle a while not when we shot back into the into the middle

[06:04] not when it immediately broke but if it's been trading in the middle a while then we're going to put on an iron Condor where we put on the levels where going to work out well for us so anyways this is the stressfree SPX zero DTE

[06:21] trading system if you like it if you want to learn more about how I trade options if you want to trade this inside my group where I can help you and guide you and teach you and you can also use our alerts and software to do it click

[06:33] the third link in the description down below to get free access to our program click down below and get a free trial and you also get three amazing free

[06:45] trading tools that you get to keep for life even if you don't continue after after the trial all right guys hope to hope to see you inside our private part of for joining the trial all right guys see you see you in the next video

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