Same-Day SPY Trades (TRSE20)
Summary
David Cosmator and Price Healey discuss a systematic strategy for trading same-day S&P 500 options, focusing on high-leverage 0-DTE contracts. The session covers using the first hour's price range to identify valid breakouts or failed "fake-out" reversals, confirmed by specific relative volume thresholds. Healey explains a risk management framework that involves taking 50% profits on half the position to secure capital, then letting the remainder run for potentially massive gains until a 3:30 PM exit.
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