0DTE SPX: How a 9:32 AM Iron Condor Survived the Open and Hit 35%
Morning trades are different. The first hour after the open is where implied volatility is highest, spreads are widest, and the market is still figuring out where it wants to go. A 9:32 AM Iron Condor entry is a bet that after all that noise settles, SPX will park somewhere inside your range for the rest of the morning. Today, that bet nearly failed twice. Then it paid out exactly as designed. ...