/biz/ - Business & Finance

Sell 2DTE credit spreads
>1% profit expected
>stock has to move against me 2% for two days in a row (happens maybe once a month if I sell smart)
>can cut the cord during first day if it doesn't go my way, lose about 2%
This is what I'm doing now

Sell 1DTE credit spreads:
>1% profit expected
>stock has to move against me 3.5% in a single day (happens ?? times a month, no way to really predict it)
>have to cut the cord on exp day, lose ??%
I'm thinking about doing this.

Short term options gamblers, fill me in. How dangerous is it for me to play this game against you? QQQ is my underlying.