▲ 8 r/options
2-sided Backspreads
Anybody traded a lot of double backspreads? (Mostly interested in 1dte or 0dte trades.) How'd that work for you?
Of course, backspreads need to be traded when a big move is expected. And the bane of backspreads is the "valley of death". But, the valley does not start to appear until about the 3rd hour of the expiration day.
If you have the discipline to close the whole thing early and are blessed with large directional moves overnight or in the opening hour or so, what's not to love?
u/Juhkwan97 — 3 days ago