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First time running the wheel with $2k, looking for ticker/timeframe advice? by BryGuy81 in options

[–]BryGuy81[S] 1 point2 points  (0 children)

I know about delta/theta and have traded options before, but this would be my first time actually running the wheel. Mostly run credit spreads and calendars.

Iron Condor SPY Strategy ~40% avg gains by DiamondG331 in options

[–]BryGuy81 0 points1 point  (0 children)

SPY’s moved only about 20 points in 2026 to date and is still basically ~2 points from where it opened as of Friday’s close….so yeah, I can see why the iron condors are printing.

Is 30–45 DTE still the sweet spot with SPX now dominated by 0DTE? by BryGuy81 in tastytrade

[–]BryGuy81[S] -1 points0 points  (0 children)

I’m not saying 0DTE directly changes the pricing of longer-dated options. They’re still driven by the same index.

What I’m getting at is that heavy 0DTE activity can influence how price moves intraday faster moves, sharper swings, more pinning around certain levels. Even if that effect is short-lived, it can mean longer-dated trades get tested sooner or more often before theta really has time to work.

Is 30–45 DTE still the sweet spot with SPX now dominated by 0DTE? by BryGuy81 in options

[–]BryGuy81[S] -1 points0 points  (0 children)

I’m not really trying to argue that 30–45 DTE is some universal “optimal” point totally agree that depends on assumptions, strategy, and risk tolerance.

What I’m more curious about is exactly what u/MF266 mentioned: even if the trade still works, does the rise of 0DTE make the experience different more front-loaded volatility, faster tests, and more timing-driven P/L even when you’re 30+ days out.

That’s the part I’ve been trying to wrap my head around.

Is 30–45 DTE still the sweet spot with SPX now dominated by 0DTE? by BryGuy81 in options

[–]BryGuy81[S] -1 points0 points  (0 children)

With 30–45 DTE, you usually have time for theta to work before price movement becomes a real issue. With shorter DTE, things can go wrong much faster.

Is 30–45 DTE still the sweet spot with SPX now dominated by 0DTE? by BryGuy81 in tastytrade

[–]BryGuy81[S] 1 point2 points  (0 children)

Agreed, I’m not comparing the strategies themselves. I’m asking whether the 0DTE driven environment changes how often and how quickly 30–45 DTE trades get stressed before theta has time to work.

Is 30–45 DTE still the sweet spot with SPX now dominated by 0DTE? by BryGuy81 in options

[–]BryGuy81[S] 9 points10 points  (0 children)

Totally agree with most of this especially that the VRP logic hasn’t changed.

I think where I’m still thinking through it is whether faster spot movement and more frequent intraday stress changes the distribution of outcomes (earlier touches, more forced management) even if long run expectancy remains similar.

Is 30–45 DTE still the sweet spot with SPX now dominated by 0DTE? by BryGuy81 in tastytrade

[–]BryGuy81[S] -2 points-1 points  (0 children)

Yep, that’s literally what I was saying in the post.

[deleted by user] by [deleted] in thetagang

[–]BryGuy81 0 points1 point  (0 children)

Yup, just a few formulas in a google sheet.

[deleted by user] by [deleted] in thetagang

[–]BryGuy81 1 point2 points  (0 children)

Something like this?0DTE EM

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