I Backtested 5 Different 0DTE Profit Targets & Turned 1 New Bot Live

https://optionalpha.com/?ytref=65 - Profit targets are always fun to test, particularly for 0DTE strategies. Today, I tested 5 different profit targets for a recent 'baseline' 0DTE strategy to see if taking profits early helped improve the strategy. The results are pretty surprising, actually, and it eventually led me to turn one of the bots on LIVE with my existing 2:30pm bot that I'm already running. I hope that the process of running and analyzing the different profit-taking results is helpful for you on your options trading journey.

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Learn everything you need to know about 0DTE options trading here: https://optionalpha.com/topics/0dte?y...

As always, there are many ways to trade options, and I'm not suggesting that this is the only way to do it. This is my opinion and personal thoughts on how to backtest 0DTE profit targets. If you found this video helpful, please let me know in the comments!

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This video is for educational purposes only and is not a recommendation for buying/selling any security. Options trading is risky, so please read our full risk disclosure here: https://optionalpha.com/legal/risk-di...