The 0DTE strategy with zero risk? Boomer Dan’s “Levitation trades” explained
Discover how Boomer Dan (Dan Westbrook) uses 0DTE levitation trades to turn volatile SPX options into risk-free profits by the end of the day. In this Theta Profits interview, he explains step-by-step how he builds “floating” positions that can’t lose — no matter what the market does. Perfect for traders exploring SPX 0DTE strategies, butterflies, and credit spreads. Find a text summary of the video on Theta Profits: https://www.thetaprofits.com/0dte-lev... Dan's website: https://boomertrade.com/ 📕 Books recommended in this video: Lee Lowell: Get Rich With Options https://amzn.to/43BVcaC Annie Duke: Thinking in Bets https://amzn.to/4r1PM30 🧰 RECOMMENDED TOOLS FOR OPTIONS TRADERS (affiliate links) ⚡ WENDY is your private trade execution consultant - reinforcing your options strategy in real time so that you stay true to your own rules. Get 25% OFF your first 3 months (monthly plan) or 25% OFF the annual plan with code THETAPROFITS at checkout. https://wendy.trade/?utm_source=theta... 📉 EARNINGS WATCHER is a fantastic tool for options trading around earnings releases. 33% OFF on their annual plan with this link: https://earnings-watcher.com/pricing_... 📊 MENTHORQ - market intelligence through AI, giving you professional trading insights. 20% with the code MQ20: https://menthorq.com/?aff=Theta+Profits 🛠️ OPTIONSTRAT is a great tool to plan, analyze, and visualize your trades. ☀️ 20% OFF during the first month with this link: https://optionstrat.com/thetaprofits 🗓️ BACKTEST AND AUTOMATE YOUR STRATEGIES! Option Omega is a popular and reliable tool for backtesting and trade automation. GET 50% OFF THE FIRST YEAR with this link: https://optionomega.com/register/thet... 🚀 OPTION SAMURAI - find the best options opportunities in the market: https://optionsamurai.com/?fpr=uaojo1 📊 Tradingview - the fastest way to follow markets: https://www.tradingview.com/?aff_id=1... ------------- 📥 SIGN UP to Theta Profits newsletter to get notified when I publish new videos: http://eepurl.com/i5CJ5A 00:51 Summary 02:30 About Boomer Dan 04:30 What he tries to achieve with 0DTE Levitation Trades 06:52 Examples 10:55 The typical start trade 15:12 What when the market moves against you: Putting on a hedge 35:00 Other ways to start the trade 41:08 Dan's results from trading 0DTE Levitation Trades 43:30 Who the strategy is suited for 45:55 Good resources to learn more
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