This guide walks through how to trade 0DTE levels by combining option chain data with momentum indicators. We focus on Friday, January 12th, 2024, identifying sticky 0DTE strikes using Net GEX charts and plotting key levels in TradingView.
We explore how open interest and volume can highlight potential support and resistance levels, and how momentum indicators confirm these levels. This approach helps structure a trading strategy around significant option strikes, improving decision-making.
The guide emphasizes using a combination of option chain analysis, technical indicators, and momentum tools to identify and confirm key levels for 0DTE trading. By carefully observing sticky strikes and corroborating them with open interest, volume profiles, and momentum indicators, traders can structure effective strategies.
