Option Omega

Model, Backtest and Automate Options Strategies

[Option Omega @OptionOmega]

No More $25K Requirement — The PDT Rule Ends Today Live https://t.co/0OaRjpMhwu

[Option Omega @OptionOmega]

Stock Futures Falling — How to Trade SPX Today Live https://t.co/uddiuU8BtN

[Option Omega @OptionOmega]

"I am a really, really big fan of what you all do. I follow you almost every day on YouTube, and on Discord your tool is really a game changer, and I recommend it anytime I can."

— a real, unprompted email from one of our users.

Every options trader should have a story worth testing. Find yours with a free backtesting or modeling trial:

https://t.co/hfgRl3iLPw

[Option Omega @OptionOmega]

The Navigation Trading Show https://t.co/B7bWPjXl9D

[Option Omega @OptionOmega]

Fix My Backtest: With Mark Anderson https://t.co/tyCN3lXFdR

[Option Omega @OptionOmega]

Dow Slides After Record Session — Live SPX Options Trading https://t.co/39UjtmeIjt

[Option Omega @OptionOmega]

Users noted a regime change around the beginning of April for options/vol trades after the first few months of geopolitical chaos. This ORB from the BABP class on Academy has been solid since April, after a terrible start for the year. https://t.co/Oc3GBrHnhg

[Option Omega @OptionOmega]

The Condor Nest--- time spreads => ICs. A wrinkle on $SPX options not a lot of folks take advantage of, with Tomas Byron

https://t.co/FZLSuLrgEV

[Option Omega @OptionOmega]

VIX calls don't actually hedge what retail buyers think they're hedging. Karsten Jeske on why he stopped buying them.
https://t.co/gSHumeUmVb

[Option Omega @OptionOmega]

Live 0DTE Options Trading https://t.co/QVF3kd99hy

[Option Omega @OptionOmega]

Dan on the Time Bomb Butterfly: $95 risk, 600% potential.

https://t.co/pO960jZlUq

[Option Omega @OptionOmega]

If you want to see a video on a 0DTE $SPX NORB, check it out here https://t.co/FT5T11Ztzs

[Jason @3PeaksTrading]

Dont always like to be short gamma in the front zero DTE but when the criteria is met its often been a good trade.. avoid Thursdays but selling the 20 delta iron condor after 1st hour if no opening range break.. cash settled SPX too so no exits needed.

Can see from the @OptionOmega backtest in 4 years it has won 73% of time with a 25% annual return.. not too shabby for no overnight risk but yes can see drawdowns as most short option strategies

[Option Omega @OptionOmega]

Calendar Spreads and Options Greeks https://t.co/EJtCL33BSc

[Option Omega @OptionOmega]

Everyone says "don't pick up nickels in front of a steamroller."
Almost nobody can tell you what the steamroller actually looks like before it hits.

@ErnRetireNow can (short below, full video on YT)

https://t.co/tq6FhVEzR2

[Option Omega @OptionOmega]

0DTE credit sellers got crushed this week when the bid/ask on far OTM puts and calls went wide.

If your basket is all short-vega, short-gamma 0DTE — that's a concentration risk.

Here's 3 backtested setups to diversify beyond 0DTE credit selling:
https://t.co/mEFBCPDRJ8

[Option Omega @OptionOmega]

Want to explore more? Sign up for a free backtesting trial at https://t.co/VUooUw5blu

Full video below exploring this setup:
https://t.co/ORHlHNKo5n

[Option Omega @OptionOmega]

Ran a double long diagonal on SPX two ways:
YTD only: 5.7% capture
Since dailies began: 6% capture
The VIX and S/L filters do the same screening work in any regime-- and no 0 DTE gamma to lose sleep over

[Option Omega @OptionOmega]

Live Options Trading https://t.co/40Qv37IBk8

[Option Omega @OptionOmega]

Live Options Trading https://t.co/UffjL4Zuym

[Option Omega @OptionOmega]

Getting Ready For NVDA Earnings — Live Options Trading https://t.co/Eguh2U6ps7