In this special Theta LIVE event, we followed 27 options traders throughout a full market day on March 23, 2026 – from pre-market preparation to after the closing bell. What unfolded was a powerful demonstration of how different traders approach the same market in completely different ways.
Watch the replay of Theta LIVE
The day itself added to the intensity. Markets initially looked set for a sharp decline, driven by geopolitical tensions and rising oil prices. But everything changed when headlines suggested that the U.S. was engaging in talks with Iran. The market reversed sharply, volatility surged, and traders had to adapt in real time.
One market – many different approaches
One of the most interesting aspects of this event is how clearly it shows that there is no single “correct” way to trade options.
Some traders focused on 0DTE strategies, actively managing positions throughout the day. Others used more structured approaches like iron condors, credit spreads, or cash-secured puts. And some chose not to trade at all, waiting for clearer setups.
Despite watching the same charts and reacting to the same news, their decisions — and outcomes — varied widely.
Real-time decisions under pressure
Unlike a typical educational video, this event captures trading as it actually happens.
You’ll see:
- How traders prepare before the market opens
- How they react when the market moves unexpectedly
- How different strategies perform under pressure
- How traders manage risk — or choose to stay on the sidelines
There are moments of confidence, hesitation, adjustment, and even humor. It’s a rare look inside the real-time thinking process of experienced traders.
What you can learn from this
This is not about copying a specific strategy. Instead, it’s about understanding how different approaches can coexist — and how important it is to find a style that fits your personality, risk tolerance, and time commitment.
A few key takeaways:
- The same market can offer very different opportunities
- Risk management is often more important than the trade itself
- Sometimes the best decision is not to trade
- Discipline and adaptability matter more than prediction
The day – hour by hour
Theta Profits had previously interviewed all guests. Here is an overview of the replay, hour by hour, including links to our interview with the different guests.
9 – 10 AM
Go directly to this segment here: Steve Ganz, Azhar Pasha, Dale Perryman, Levi Woods, Leav Graves
Relevant interviews:
- Dale Perryman: 0DTE Iron Flies
- Steve Ganz: Flyagonal
- Azhar Pasha: Selling credit spreads on gold futures
- Levi Woods: The Ratio Diagonal
Product demo: Option Samurai
Option Samurai is a simple-to-use options scanner.
- Product demo by Leav Graves
- Sign up here for 2-week free trial (affiliate link)
10 – 11 AM
Go directly to this segment here: Tammy Chambless, The Options Seller, Doc McGraw, Rob Helmick, Troy McNeill
Relevant interviews:
- Tammy Chambless: Multiple Entries Iron Condors (MEIC)
- The Options Seller: Options on Futures Explained
- Doc McGraw: Gamma Exposure – GEX levels
- Rob & Maria Helmick: How these traders use AI for options
Product demo: Option Omega
Option Omega is a great tool for backtesting, automation, and trade modelling.
- Product demo by Troy McNeill
- Use this link to get 50% OFF your first year (affiliate link)
11 AM – 12 PM
Go directly to this segment here: Ravish Ahuja, Mark Anderson, Daniel Nikolaides, Fabio Ruggeri
Relevant interviews:
- Ravish Ahuja: Double calendar
- Mark Anderson: Five essential tips from a hedge fund pro
- Daniel Nikolaides: How to master earnings trades
Product demo: MenthorQ
- Product demo by Fabio Ruggeri
- Get 20% OFF with code MQ20 and this link (affiliate link)
12 – 1 PM
Go directly to this segment here: Doc Severson, Karsten Jeske, Zoheb Noormohamed, Lee Lowell, Amin Khribi
Relevant interviews:
- Doc Severson: 0DTE Iron Fly
- Karsten Jeske: Using options to supercharge a retirement account
- Zoheb Noormohamed: The 1-1-1 options stratey
- Lee Lowell: Conservative put selling
Product demo: EarningsWatcher
- Product demo by Amin Khribi
- Get 33% OFF on annual plan (afiliate link)
1 – 2 PM
Go directly to this segment here: Azhar Pasha, Andrea Vaturi, Levi Woods, Maria Helmick, Matt Simon
Relevant interviews:
- Azhar Pasha: Selling credit spreads on gold futures
- Andrea Vaturi: Options on forex and crypto
- Levi Woods: The Ratio Diagonal
- Maria & Rob Helmick: How these traders use AI for options
Product demo: Option Omega (trade modelling)
- Product demo by Matt Simon
- Use this link to get 50% OFF your first year (affiliate link)
2 – 3 PM
Go directly to this segment here: Paul Gundersen, Omar Figueroa, Steve Ganz, Brian Terry
Relevant interviews:
- Paul Gundersen: The Wheel strategy
- Steve Ganz: Flyagonal
- Brian Terry: Delta Neutral Strategy
- Omar Figueroa: Three mental skills options traders can learn from top athletes
Product demo: Wendy – AI coach
3 – 4 PM
Go directly to this segment here: Eric Goldreich, Maria & Rob Helmick, Josh Walker, Doc McGraw, Dale Perryman
Relevant interviews:
- Eric Goldreich: How experienced options traders trade earnings
- Maria & Rob Helmick: How these traders use AI for options
- Josh Walker: Selling weekly puts
- Doc McGraw: Gamma Exposure – GEX levels
- Dale Perryman: 0DTE Iron Flies
4:00 – 4:30 PM
After-market panel
Go directly to this segment here: Eric Goldreich, Josh Walker, Karsten Jeske, Azhar Pasha, Ravish Ahuja, Brian Terry, Levi Woods, Dale Perryman
