A zero DTE option tells you when a trade expires, not what the trade should be. Errol Coleman walks through the six step process he uses to get from a market view to a defined risk position in Cboe's SPX options, with strikes chosen near the end rather than at the start.
It covers why the view comes before the chain, how a scheduled report can invalidate a setup, reading Cboe's open close volume data without treating it as direction, working out maximum profit and loss, and sizing from the worst case rather than confidence. Education, not a recommendation..
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Chapters
0:00 A Six-Step Framework for Zero DTE Trading
1:43 Aligning Market Ideas with Strategy
3:48 Structuring Defined Risk Positions
5:22 Calculating Risk, Profit, and Exit Plans
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