re: Options Trading Thread

Yes chasing a small credit can be very costly. When I first started 0 DTE's I made the big mistake of presuming my max risk wasn't the full spread (i.e. 5 or 10 wide x 100) but rather it could be managed by rolling for credit and eventually expiring worthless, however as I learned the hard way this is not as easy as "how to video's" would make it seem because have to take the roll early enough to get a decent credit or near zero debit and before you know it can snowball into a larger strike width for same premium. After my big loss in the 1st week of December (where I made some novice mistakes like clicking the wrong expiration date and rolling with wide strike - 15 or 20 plus bull run) I started trading positions assuming I would not roll and accept the loss if it moved outside that range. This happened at end of 1st week of Jan and was due to getting very aggressive on deltas late day and market moving in last hour.