Ben - IncomeOptionsTrading

Father, trader, and DIYer. Tweets are not advice.
Website: Trading Mentor

[Ben - IncomeOptionsTrading @decke192]

0 DTE SPX Iron Condors are my bread and butter trade. I strive to put on a trade everyday, but sometimes my full time job gets in the way. I've spent a lot of time looking into different services and Trade Automation Toolbox (TAT) is the only service I found that allows trading SPX. TAT has hundreds of daily traders and active Discord community with the founder incorporating feedback into improving the service. TAT has been available since October of 2022.

You can use my link to get an extended free trial of 30 days for TAT--risk free and with no credit card required at signup.
https://t.co/ksX7ygkMjR

TAT utilizes the Interactive Brokers (IBKR) platform for trading, with future plans to extend to other brokerages. The software allows users to enter trade templates, schedules, and stop order management and execution. The stop order management is what allows me as a 0 DTE trader to use this software. Stop orders on spreads will automatically be converted to stop order on the short leg only when the long leg has no bid--no more worrying about spread stop orders not filling near the end of the day because of the long option.

SPX Trades Supported
0 DTE and other short term (1, 2, 5, 7 DTE, etc)
Credit Spread
Debit Spread
Iron Condor
Iron Fly
Double Calendar
Long Put/Call
Naked Shorts (Coming Soon)
Put/Call Calendars (Coming Soon)
Ratios (Coming Soon)

Trade Templates / Trade Selection
Target Min and Max Premium or Delta
Target multiple possible widths or certain cost for wings
Avoids overlapping long strikes with previous short entries
Multiple trade template criteria can be pre-defined
Multiple accounts supported

Trade Scheduling / Execution
Schedule multiple trade entries for automated execution
User defined fill progression (i.e. attempt to fill trade 3 times, lowering the limit price by 0.05 every 5 seconds)
Email notifications on order fills and stops

Stop Placement / Management
Stop can be placed on vertical spread or short leg only
User defined stop multiple
Stop order monitoring and replacement if a stop order is canceled for some reason
Automatic conversion from vertical to short leg only when the long leg has no bid
Scheduled conversion from vertical to short stops at user-defined time
Automated stop adjustments (i.e. move stop to breakeven after reaching 50% profit)
Profit target orders
Stop Limit / Stop Market OCO stops
Trailing Stop orders
Conditional REL order
Time of Day or Time in Trade scheduled exit

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (15.87) is above last closing VIX (15.40). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

Rivian just secured a $5 billion investment from Volkswagen, triggering a 50% after-hours surge. This isn't just a cash injection; it’s a strategic white flag from VW on their own software struggles. In the current EV sector, proprietary software architecture is now the only moat that truly matters.

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (16.33) is above last closing VIX (16.06). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

The Federal Reserve just signaled that the "higher for longer" regime might be cooling faster than the dot plot suggests. Core PCE data came in at its lowest level in three years, shifting the probability of a September cut to 72%. The macro environment is turning a corner—traders who are still positioned for 2023 inflation are about to get squeezed.

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (15.97) is above last closing VIX (15.77). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (16.28) is above last closing VIX (16.05). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

The Fed just signaled that "higher for longer" is the new baseline. With core inflation stickier than expected, the window for a 2024 rate cut is slamming shut. Markets are finally repricing for a world where cheap capital isn't coming back. Adjust your risk models accordingly.

[Ben - IncomeOptionsTrading @decke192]

I put 0 DTE trades in SPX every day. Due to my full time job I utilize 2 bot trading services so I don't miss any trades. One of those is OptionOmega (OO). OO is built with short term traders in mind with an integrated backtester and bot trading. If you can backtest it then you can trade it! OO has hundreds of daily traders, an active Discord community and YouTube channel, and the founders incorporates feedback into improving OO. OO is a cloud-based platform meaning you can access it anytime from anywhere you have access to the internet.

You can use my link to get 50% off for your first YEAR! You can choose backtesting only or backtesting+bot trading.
https://t.co/9qLhCTJCHi

OO supports the following brokers:
tastytrade, tradier, and Schwab (TOS)

You can trade SPX, SPY, QQQ, AAPL, and TSLA!

Ask me if you have any questions!

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (15.88) is above last closing VIX (15.32). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

The 2-handle is officially back. US CPI just cooled to 2.9%, marking a 3-year low and clearing the final hurdle for a September rate cut. The macro narrative has shifted from inflation fears to growth preservation. Positioning for the pivot is no longer optional—it’s essential.

[Ben - IncomeOptionsTrading @decke192]

Retail traders now account for 25% of all options volume, a record high. Most is concentrated in zero-days-to-expiration (0DTE) contracts. We aren't just in a bull market; we're in a gambling loop that’s compressing volatility cycles. High risk, high reward, and zero room for error.

[Ben - IncomeOptionsTrading @decke192]

Don't bet on September rate cuts. A majority of economists now forecast the Fed's first move in December, a stark change from last month's 54% expecting a September cut. Only 25% maintain that view. Reprice your positions accordingly.

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (15.81) is above last closing VIX (15.74). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

Is Tesla's growth engine slowing down? During the Q4 earnings call, Elon Musk warned investors that 2024's growth rate will be "notably lower" than last year. This forward guidance could reshape expectations for the year.

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (16.76) is above last closing VIX (16.29). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

The Sahm Rule just triggered, and the market is on the clock. Historically, once this recession indicator hits its 0.50% threshold, the Fed has never achieved a 'soft landing' without 50bps cuts in rapid succession. This volatility isn't noise—it's the market repricing a policy error in real-time.

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (17.01) is below last closing VIX (17.01). Open a reverse Iron Condor, 10 point wide, 36 delta long put and call. No stop loss.

[Ben - IncomeOptionsTrading @decke192]

I put 0 DTE trades in SPX every day. Due to my full time job I utilize 2 bot trading services so I don't miss any trades. One of those is Trade Automation Toolbox (TAT). TAT has hundreds of daily traders, an active Discord community, and the founder incorporates feedback into improving the service which has been around since 2022. TAT is ran locally on your machine or a virtual machine.

You can use my link to get an extended free trial of 30 days for TAT risk free with no credit card required at setup. You choose when your free trial starts after signup, too!
https://t.co/ksX7ygkMjR

TAT supports the following brokers:
IBKR, tradier, TradeStation, and MEXEM

You can trade SPX, SPY, QQQ, and ES!

Plans range from $49/month to $299/month depending on the number of trades daily. Ask me if you have any questions!

[Ben - IncomeOptionsTrading @decke192]

Opening VIX (16.92) is above last closing VIX (16.59). Open an Iron Condor, 50 points wide, 11 delta short put and call. Stop loss at 4x credit.

[Ben - IncomeOptionsTrading @decke192]

The market is completely misjudging the scale of the current infrastructure build-out. While retail focuses on quarterly beats, the real story is the $100B capital expenditure pipeline from major cloud providers. This isn't a bubble; it's a structural re-rating of global compute.