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-levitation-trades-how-boomer-dan-creates-risk-free-spx-profits-by-the-end-of-the-day/?utm_source=YouTube&utm_medium=YouTube&utm_campaign=YouTube 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 -------- SPONSORED LINKS 🚀 OPTION GENIUS: Have you tried the hottest trading strategy this year? 95+% win rate over four years! Risk-free trial. https://www.thetaprofits.com/optiongenius4 ⚡ OPTIONS MATRIX PRO: Find options trades, visualize payoffs, and analyze with ChatGPT or Claude. Try 7 days free + 20% off for 12 months 👉 https://thetaprofits.com/optionsmatrixpro4 -------- 🧰 RECOMMENDED TOOLS FOR OPTIONS TRADERS (affiliate links) 🎯 EDGESEEKER offers quant analysis for options traders: Edge first. Then trade. Test for free for two weeks. Get a €20 monthly discount with this link, or €220 off the annual plan. https://thetaprofits.com/edgeseeker4 🟣 TANUKITRADE is a smart options trader toolkit with seamless gamma levels and lots of other useful data. Choose between a web app or using it on TradingView. 10% OFF with this link: https://www.thetaprofits.com/tanukitrade4 📉 EARNINGS WATCHER is a fantastic tool for options trading around earnings releases. 33% OFF on their annual plan with this link: https://www.thetaprofits.com/earningswatcher4 🗓️ OPTION OMEGA is a popular and reliable tool for backtesting options strategies and trade automation. GET 50% OFF THE FIRST YEAR with this link: https://www.thetaprofits.com/optionomega4 📊 MENTHORQ - market intelligence through AI, giving you professional trading insights. 20% with the code MQ20: https://www.thetaprofits.com/menthorq4 🛠️ OPTIONSTRAT is a great tool to plan, analyze, and visualize your trades. ☀️ 20% OFF during the first month with this link: https://www.thetaprofits.com/optionstrat4 🚀 OPTION SAMURAI - find the best options opportunities in the market: https://www.thetaprofits.com/optionsamurai4 📚 OPTIONS TRADING BOOKS recommended by our interview guests: https://thetaprofits.com/books ------------ 📥 SIGN UP for the Theta Profits newsletter to get notified when I publish new videos: https://www.thetaprofits.com/newsletter4 ----------- 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