Options Selling

When a 0DTE SPX Iron Fly faces a relentless, one-sided market without a stop-loss, it becomes a textbook insurance claim payout. Here is the minute-by-minute breakdown of a $2,050 lesson in casino math.

A morning Iron Condor reached 33% profit before violently reversing to a stop-loss exit. This review explores the psychological cost of maintaining the statistical edge in option selling.