The Commission Tax on the 0DTE Iron Condor: What $10 a Round Trip Costs Long Term
Opening and closing an iron condor means commission on eight legs — every round trip. Slippage is the variable tax on a 0DTE iron condor — it scales with the spread and the speed of the tape. Commission is the other tax, and it behaves differently. It’s flat, it’s certain, and it lands the same whether the market is calm or violent. You pay it to open and you pay it to close, every single trade, forever. ...