Make $260/Day Using ONLY $1,000!! Master Trading 1DTE SPX Credit Spread Options!

[@redbyron10]

Just watched your video on how you turned 24k into 100k, AMAZING. That's what I'm trying to do. I started with 6k and after 3 years I'm at 40k (not nearly as good as you)! I'm going to watch all your previous videos and maybe I will do better in the future. Appreciate your in depth analysis!

[@CreditSpreadInvesting]

Congrats on your success!!! $6k to $40k is an amazing achievement, especially considering it's been done over a 3-year time frame! which shows consistency, which is the MOST important skillset to have! I'm sure you have a wealth of knowledge that many people can benefit from! Congrats again! Let me know if you ever want to chat or have any questions!

[@rgasta7765]

Red Byron, what strategy are you using?

[@8n8ana56]

collecting 130 for one SPX contract means your short leg is at about delta 20 OTM on 1DTE or 20 SPX points higher than current level.

[@charlesolinger9735]

xsp would work as well its 10x smaller than spx, cash settled.

[@r.alexander9075]

What about liquidity? Slippage?

[@MelissaThompson-w5y]

Angelita Cliffs

[@drsuryakumara]

Great video. How about if wee do put debit spread to downtrend like this? And start with small ITM and let it expired ?

[@r.alexander9075]

Its virtually the same thing just your max loss is a few cents down (usually 1-5 cents) and I dont really know why

[@hide2dan]

how do you enter a "stop loss" in vertical credit spread? i keep missing buying out manually when there is a breakout; easily lost 3-4x premium

[@CreditSpreadInvesting]

What brokerage are you using?

[@robbiewilson5309]

How do u figure risk to reward

[@isuru7777]

Hi how to get $50 discount, KING code did not work

[@ucheakusobi6281]

Are you still trading this strategy? What has been your winning percentage and deltas that you like to target? Or do you go by strike price ?

[@ralphbisel9503]

I can say that premiums are way less now. He was collecting $1.30 credit for being 25 points away, credit as maybe half that now. Market matches up VIX goes down and basically your premium goes down for taking that trade.. To the point I am probably stepping back from trading credit spreads.

[@ralphbisel9503]

Strike that, he is talking 1 dte, I was thinking 0dte. But premiums are low currently.

[@ucheakusobi6281]

@@ralphbisel9503 I’m trying to figure out the sweet spot. I think 0DTE isn’t the best , especially with high IV, the trade gets away from you fast. 1DTE is good but the over night can mess you up quick

[@jigneshsoni9263]

Wouldn't you need only $740 for this trade since you are receiving $260 of credit? This would mean your ROI would be around 35%

[@CreditSpreadInvesting]

Technically that’s true as well. I like to calculate based on the amount of collateral needed. It’s more conservative lol 😄

[@jigneshsoni9263]

@@CreditSpreadInvesting Thanks for your quick reply. I just wanted to confirm.

[@CreditSpreadInvesting]

😀 anytime

[@Keto_Mike]

What account let's you do a credit spread in a Roth?

[@CreditSpreadInvesting]

I use fidelity

[@JimmyCarterAkaBrandon]

Thoughts on doing far otm 1 day to expiration credit spreads everyday I’ve been doing it my roi is 10% since the spread is normally 10 cents but I feel like it’s safer I know if the call goes itm im screwed since I need more contracts to make decent money so I also do a put credit spread far otm

[@r.alexander9075]

I think its a decent strategy, have you ever been itm? Usually when I do 1DTE is just roll my tested side out and the untested side down so I gather extra premium to pay for the calendar roll. Usually you even get a slight profit from rolling or its a tiny debit. If it gets tested again you just roll out again.

[@blackmagick77]

It's the term picking up pennies infront of a steam roller. The 10$ you get per contract isn't worth it.

[@enki5420]

sell 4375/4380 call spread too close to the spx price. very danger.

[@r.alexander9075]

Yes but big premium (1.3 on a 5 point spread) im guessing he went 30 delta and thats a good strategy

[@enda99h]

Hey, instead of taking a loss why don't you roll the trade?

[@CreditSpreadInvesting]

That’s a really good question. Because I’m trading a certain pattern, if the pattern breaks, it’s highly likely that I’ll need to pay a debit to roll and the chances of my winning on the trade is reduced, and my capital will be tied up. So instead of delaying the inevitable, I get rid of a bad asset, free up that capital, and move that money into another trading opportunity

[@enda99h]

@@CreditSpreadInvesting interesting, we both trade verticals but in different ways

[@CreditSpreadInvesting]

Yeah I don’t think there’s a right or wrong way to do it. At the end of the day, as long as you’re consistently profitable, that’s all that really matters… Do you roll yours out?

[@enda99h]

@@CreditSpreadInvesting When needed. I apply about 10% of my account per trade which will give me 10 rolls to defend. There's always a green day around the corner on a 1DTE! Most I ever had was 7. When I'm not sure I'll go with 6% of my account to be cautious.

[@r.alexander9075]

​@@CreditSpreadInvestingI roll out 1 or 2 days depending. You can still get credit in some cases. Just make sure you roll before you catch the deltas

[@jigneshsoni9263]

can this be done consistently? Like everyday?

[@CreditSpreadInvesting]

Can be done consistently but I don’t do this everyday. Only when the setup looks right like you saw in this video. So in this example, theres the put side trade in the abcd pattern, when the higher low formed and when it breaks the previous resistance. You can technically also trade each subsequent day if the candles opened higher until it reaches a potential level of resistance, because it’s in the uptrend but I don’t feel as comfortable doing that since it breaks my trading system. If I wanted to follow the trend up or down, I do weeklies or even monthlies, which you can see in the video linked in the endscreen. Credit spreads are very versatile. It’s really all about managing risk and reward.

[@jigneshsoni9263]

@@CreditSpreadInvesting how to do it everyday? I understand you can't win everyday but if you do everyday and you just win more than lose, that would be great.

[@bmztrucking6044]

Theres a guy on twitter that has a good 0dte trategy , check him out im in the discord and have seen massive upside and consistency even has a youtube channel explaining it @maxoptionstrade Has a discord sub; whop.com/marketplace/max-options-trading/?a=btmz

[@r.alexander9075]

​@@jigneshsoni9263you can do it everyday. Roll out an extra day if you get tested. Usually you still get some premium

[@ucheakusobi6281]

@@CreditSpreadInvesting what time frame are you looking at for entries of key levels ?