0DTE SPX Iron Fly Recap: The Discipline of Probability

Four wins, one brutal loss, and a +$1,614.00 week. The real story is what happened at 3:51 PM on Wednesday — a 7-point SPX spike in 60 seconds that turned a manageable drawdown into a -$1,350.00 gut punch. Here is the full minute-by-minute breakdown.

May 9, 2026 · 8 min · 1704 words · Veni Lakshmi Mareeswaran
For educational purposes only. Not financial advice. Options trading involves significant risk of loss.