Zero Days To Expiration

Ernie Varitimos
  • 4.0 (44)
  • INVESTING
  • UPDATED DAILY

Coach Ernie spent 40 years in institutional trading, hedge fund management, and FinTech. Now he teaches retail traders how to flip the script on risk — using zero DTE butterfly strategies that risk small and aim big. Every episode covers volatility, volume profile, market structure, and the daily routine that separates professionals from everyone else. Live every Monday, Tuesday, and Wednesday.

  1. 1D AGO

    Stick Your POC Where the Sun Don't Shine

    div]:bg-bg-000/50 [&_pre>div]:border-0.5 [&_pre>div]:border-border-400 [&_.ignore-pre-bg>div]:bg-transparent [&_.standard-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.standard-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8 [&_.progressive-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.progressive-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8"> _*]:min-w-0 gap-3 standard-markdown"> Volume Profile Myths Destroyed The market gaps up huge — Iran ceasefire, Strait of Hormuz reopens, VIX craters 22%. Coach Ernie uses the chaos to deliver Part 3 of the fundamentals series: a no-BS breakdown of volume profile that dismantles everything you think you know. POC? Arbitrary. Value Area High/Low? Meaningless. Here's why — and what actually works. In this episode: Why your win rate is lying to you — and what return distributions actually reveal Left-skewed vs. positive-tail equity curves: which one is your account? Volume profile as structural market memory — nodes, crevices, and the levels that actually matter Live markup of the S&P gap-up session using real structural levels Fly on the Wall demo: building an asymmetric call fly in real time with risk graphs, GEX overlay, and top-down orthogonal view The bottom line: Stop chasing arbitrary lines. Start trading structure that has real-time market influence. Consistently Profitable. Independent. Pro-Level. Try Fly on the Wall free for 4 weeks → https://flyonthewall.ai/try The premier 0DTE platform — risk analysis, structural levels, GEX, broken-wing builder, and direct broker integration. Built for traders who trade like pros.

    54 min

  2. 2D AGO

    The Math Behind Why You Keep Losing

    "Real Account. Real Results. The Math Behind Why You Keep Losing." Coach Ernie puts his own trading record on the table — 460+ trades, 18 months, live money. The equity curve doesn't lie. And neither does the Sharpe ratio. This isn't theory. This is proof. In this episode: Why 50% win rate beats 90% win rate — the math most traders refuse to accept Stair-step vs. grind-and-crash: what your equity curve is actually telling you Live pre-market routine: VIX regime, market structure markup, trend confirmation The 10% debit rule and how it forces asymmetric discipline on every entry Real account breakdown: drawdown under 6%, Sharpe ratio above 5, average R:R over 10 Fly on the Wall walkthrough — convexity heat map, GEX overlay, broken wing builder, dealer gravity The number that says it all: Sharpe ratio above 5. Institutional-grade performance from a retail account. Coach shows you exactly how. Consistently Profitable. Independent. Pro-Level. Try Fly on the Wall free for 4 weeks → https://flyonthewall.ai/try The only platform built specifically for 0DTE traders — risk graphs, GEX, volume profile, dealer gravity tools, and direct broker integration. Not a generic tool. Built for this.

    57 min

  3. 4D AGO

    0DTE - VIX Decay Traps—Why Wide Flies Beat Narrow

    Kicking off a 3-part series on the fundamentals of 0DTE trading, Coach Ernie tackles the single most misunderstood force in options: volatility. With the VIX sitting at 25 — smack in the middle of the "Goldilocks" zone — Ernie breaks down the three volatility regimes (Zombieland, Goldilocks, and Chaos) and explains why most retail traders run from volatility when they should be running toward it. You'll learn why premium decay actually accelerates in low volatility (killing narrow flies) and delays in high volatility (handing pro traders far more premium to collect on the final day). Ernie walks through the math behind the 10% debit rule he picked up from American Exchange floor traders 25 years ago, and shows why keeping risk-to-reward consistent — between 1:9 and 1:18 — forces you to widen your flies as VIX climbs. Key concepts covered:  • The three VIX regimes and how to orient your trades to each  • Why low volatility = high gamma, high risk, and tiny profit potential  • How wide out-of-the-money butterflies create anti-fragile positions that get stronger under stress  • A live study showing how wider flies pay sooner, pay more, and pay faster  • Why high win-rate strategies like iron condors are "picking up nickels in front of a steamroller."  • How asymmetric trading delivers up to 50x the return on risk vs. high-probability strategies Tomorrow (Episode 24): the Stair-Step method — how to eliminate drawdowns and play for ties while still landing the big wins. 🚀 Trade alongside Coach Ernie LIVE using Fly On The Wall — the only platform built from the ground up for 0DTE options traders. It's not just software. You get a full Discord community, Friday coaching calls with Ernie, and Navigator members get a daily livestream with group coaching.  Start your free 4-week trial: https://flyonthewall.ai/try 🎙️ Zero Days to Expiration airs live Mon–Tue–Wed at 9:15 AM ET and rebroadcasts on YouTube and X.com. Our goal is to make you Consistently Profitable, become an Independent Trader, and Trade at a Pro-level.

    51 min

  4. 6D AGO

    0DTE - Trading Routine Reflection 3 of 3

    div]:bg-bg-000/50 [&_pre>div]:border-0.5 [&_pre>div]:border-border-400 [&_.ignore-pre-bg>div]:bg-transparent [&_.standard-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.standard-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8 [&_.progressive-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.progressive-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8"> _*]:min-w-0 gap-3 standard-markdown"> Zero DTE War Room – Part 3: Reflection Coach Ernie wraps up the three-part trading routine series with the piece most traders skip — and the one that matters most: reflection. This episode makes the case that your daily trading routine is essentially a scientific experiment. Preparation is your hypothesis, execution is the experiment itself, and reflection is where you record the results and learn from them. Without that final step, there's no loop to close and no path to improvement. Coach Ernie walks through what a proper end-of-day and end-of-week review looks like: logging trades, journaling your reasoning, tagging your setups, capturing screenshots of your charts, and — just as importantly — recording your personal state. Were you sharp? Anxious? Distracted? It all goes in the record. He also lays out what he calls the four noble truths of fixing trading problems: recognizing that a problem exists, finding the root cause, developing a fix, and then doing the hard work of reprogramming the bad habit through sustained practice. Along the way, Coach Ernie reviews how Monday's and Tuesday's setups played out, walks through a fresh volume profile markup with detailed guidance on settings and color-coding, and breaks down a live setup using the GEX and convexity heat map in Fly on the Wall. You'll also hear a candid take on why volume profile levels matter more than trend lines, moving averages, or fair value gaps — and why institutional traders, market makers, and currency traders all rely on them. This episode ties the entire series together. If you only take one thing away: routine without reflection is just repetition. Reflection is what turns it into growth. Zero DTE War Room streams live every Monday, Tuesday, and Wednesday on YouTube.

    1h 1m

  5. APR 4

    0DTE - Trading Routine Execution 2 of 3

    div]:bg-bg-000/50 [&_pre>div]:border-0.5 [&_pre>div]:border-border-400 [&_.ignore-pre-bg>div]:bg-transparent [&_.standard-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.standard-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8 [&_.progressive-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.progressive-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8"> _*]:min-w-0 gap-3 standard-markdown"> Zero DTE War Room – Part 2: Execution Coach Ernie steps into the fire with Part 2 of the daily trading routine series, moving from yesterday's preparation into the heart of it all: execution. This episode breaks down exactly how a zero DTE convexity trader finds, enters, manages, and exits a trade. You'll learn why volatility isn't just context — it's the entire game. Coach Ernie walks through how the rate of premium decay changes dramatically between high and low volatility environments, and what that means for your butterfly's profit potential, risk, and gamma sensitivity. If you've ever wondered why wider flies work in high vol and narrower ones in low vol, this is the episode that connects the dots. You'll also get a deep dive into the 10% debit rule — where it came from (hint: pro options traders on the American Exchange floor in the dot-com era), why it works, and how to use it to find optimal convexity in your butterflies. Coach Ernie demonstrates how to right-size a trade using the VIX playbook and the Big Ass Fly gauge, then walks through a live setup using the Fly on the Wall heat map to locate a high-convexity put fly in seconds. The episode wraps with a framework for profit management: when to start trailing your stop, how to dynamically tighten it as premium decays through the day, and why 75% of your profits will come from outside the profit tent — not inside it. Coming up: Part 3 (Reflection) wraps the series tomorrow. Zero DTE War Room streams live every Monday, Tuesday, and Wednesday on YouTube.

    42 min

  6. APR 3

    0DTE - Trading Routine Preparation 1 of 3

    Zero DTE War Room – Part 1: Preparation Welcome to the first installment of our three-part series on the daily trading routine. This week, Coach Ernie breaks down the foundation of consistent trading success: preparation. In this episode, you'll learn: Why routine is the number one secret to becoming a successful trader — and how to build yours around three core habits: preparation, execution, and reflection. The pre-market checklist every zero DTE butterfly trader needs, starting with the three fundamentals: volatility, market structure, and direction. Coach Ernie walks through how to read the VIX playbook to right-size your trades, how to use volume profile to identify objective support and resistance levels, and why trading with the trend still matters even when any given day is a coin flip. You'll also get a first look at Fly on the Wall, a new analytical tool designed specifically for finding convex, asymmetric trades — small risk, large potential reward. Plus, Coach Ernie makes the case for personal readiness — why your physical state, sleep, exercise, and mental clarity are just as critical as your charts. If you're skipping your morning routine and jumping straight into the market, this episode is your wake-up call. Coming up: Part 2 (Execution) and Part 3 (Reflection) air tomorrow and Wednesday. Zero DTE War Room streams live every Monday, Tuesday, and Wednesday on YouTube.

    41 min

  7. 01/28/2024

    0-DTE - Navigating Trading Realities: Pro Strategies vs. Retail Myths

    Zero Days To Expiration

    46 min

  8. 11/02/2023

    0-DTE - Understanding Volume, Nodes, and Market Dynamics

    Zero Days To Expiration

    23 min
See All (140)

4
out of 5
44 Ratings

About

Coach Ernie spent 40 years in institutional trading, hedge fund management, and FinTech. Now he teaches retail traders how to flip the script on risk — using zero DTE butterfly strategies that risk small and aim big. Every episode covers volatility, volume profile, market structure, and the daily routine that separates professionals from everyone else. Live every Monday, Tuesday, and Wednesday.

Information

  • Creator
    Ernie Varitimos
  • Years Active
    2021 - 2026
  • Episodes
    140
  • Rating
    Clean
  • Copyright
    © 2026
  • Show Website
    Zero Days To Expiration

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