Option Omega Academy – 1DTE Crash Course

Description

Description

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Option Omega Academy – 1DTE Crash Course

The 1DTE Crash Course offered by Option Omega Academy is designed to equip traders with strategies to capitalize on overnight risk premiums with minimal market exposure. This course focuses on identifying and exploiting price irregularities in 1-day-to-expiration (1DTE) options, providing a structured approach to enhance trading efficiency.

Course Overview

Price discrepancies often occur in 1DTE options, particularly between implied and realized volatility. The course delves into these irregularities, teaching traders how to develop strategies that:

• Capture overvalued risk premiums overnight.
• Operate effectively across various market conditions.
• Require minimal daily trading time.
• Limit market exposure and historical drawdowns.

Key Benefits

Participants of the course will gain:

• Over three hours of focused content on the 1DTE strategy.
• Insights into crafting end-of-day credit-selling strategies.
• Guidance on efficient strategy execution with limited trading time.
• Techniques to identify opportunities using the 1DTE framework.
• Methods for opening and closing successful trades.
• Comprehensive risk management approaches.
• Numerous real-life trade examples for practical understanding.

Course Content

The curriculum is structured into several key lessons:

1. Welcome and Strategy Preview
   • Introduction to the course and an overview of the 1DTE strategy.
2. Put Selection
   • Criteria and techniques for selecting put options.
3. Call Selection
   • Guidelines for choosing call options effectively.
4. Entry Criteria
   • Defining optimal entry points for trades.
5. Exit Criteria
   • Establishing clear exit strategies to maximize profits and minimize losses.
6. Risk Management
   • Implementing strategies to manage and mitigate trading risks.
7. Strategies
   • Detailed exploration of various trading strategies, supported by real-life examples and backtesting data.

Instructor Profile

The course is led by Justin Kay, a licensed finance and tax attorney with over 25 years of experience in trading equities, options, and derivatives. Professionally, he serves as the Chief Legal Officer of the largest charter airline in the U.S., where he negotiates multi-million dollar contracts and manages complex legal matters. Justin leverages his extensive financial background and experience, along with backtesting tools and a supportive community, to develop consistently profitable mechanical options strategies aimed at achieving financial freedom.

Advanced 1DTE Crash Course

For traders seeking to deepen their knowledge, Option Omega Academy offers an Advanced 1DTE Crash Course. This advanced class focuses on holistic strategy development and backtesting approaches for 1DTE trades, emphasizing both optimization and robustness. It covers:

• Development of positive expectancy debit spreads and butterflies.
• Integration of short and long 1DTE/3DTE strategies with credit selling.
• Discussions on risk, slippage, fees, and more.
• Utilization of a bespoke strategy analyzer spreadsheet tool for calculating additional metrics for position sizing.

This advanced course offers over four hours of content, providing a comprehensive exploration of various 1DTE and 3DTE strategies.

In summary, the 1DTE Crash Course by Option Omega Academy provides traders with a structured and practical approach to mastering 1DTE options trading, emphasizing risk management and strategic execution.