We felt that the Boxcar and 0 DTE trading room complimented each other and Tom Nunamaker and Dan Harvey were talking about both Boxcar and Intraday option trades during the weekly meetings. It felt right to combine the two alert services into one as Tom sends occasional 0 DTE trades to the Boxcar subscribers in addition to the daily live trading room for 0 DTE trades
The Boxcar strategy is a short term neutral strategy with a high win rate and the ability to make quick and steady profits while keeping any drawdowns small. We occasionally do 0 or 1 day to expiration trades before a market moving event like an FOMC announcement which can cause large market moves.
The 0 DTE Trading Room trade options that expire the same day you enter the trade. We use a custom Excel spreadsheet that pulls live data from thinkorswim. The spreadsheet enables us to quickly enter trades and monitor them.
The 0 DTE Trading Room is primarily a zoom meeting opened 15-minutes before the market open and lasts normally for 90-minutes to a few hours. During that time, we normally put on several types of trades.
The Boxcar strategy is a short term neutral strategy with a high win rate and the ability to make quick and steady profits while keeping any drawdowns small.
The initial set up of the trade is created precisely to allow the underlying a lot of wiggle room to the upside and downside without a lot of risk, while taking advantage of bringing in Theta quickly for quick profits that can average 2% to 5% per week.
The Boxcar was developed by Dr. Dan Harvey who shared his methodologies and techniques of the strategy with Tom Nunamaker. As you may know Dan and Tom have worked together on a variety of option strategies over the years as well as trade alerts and workshops. Now that Dan is retired he has passed the teaching baton of this strategy onto Tom so that she can share it as a trade alert service.
|Compounded Annual Growth Rate||23.60%|
|TRADE 098 - 6 Oct 2023 SPX Boxcar Trade||29 Sep 2023||5||$15,865||$-35||-0.22%|
The spreadsheet pulls live data from the thinkorswim platform. Data is updated in real time.
Many have said that the spreadsheet is worth the price of a subscription!
The 0 DTE Trading Room is a live trading room (via zoom) where Tom Nunamaker and Tom Henley put live SPX option trades on in their accounts.
The two Toms trade several different types of trades. Here are a few:
Tom has developed a comprehensive Day Trading Spreadsheet that saves a lot of time. The spreadsheet is used to find trades, then to copy thinkorswim orders into the clipboard and to monitor positions after they are filled.
The Narrow Iron Condor Expediter (NICE) Spreadsheet is very specific to Dan Harvey's 0 DTE Narrow Iron Condor trade. This is a fantastic trade but getting the orders into thinkorswim without Tom's spreadsheet can be challenging.
Subscribers get access to both spreadsheets and updates as long as their subscription is active.
The purpose of the Boxcar Trade Alerts is to provide information how Tom and Dan trade.
The alert service is intended to show you examples for you get ideas for your own trades.