0DTE Iron Condor on SPX: The Strategy and the Rules
A focused guide to the 0DTE SPX iron condor: the exact rules a mechanical system runs, why entry time matters more than people think, and how to size and manage the risk.
A focused guide to the 0DTE SPX iron condor: the exact rules a mechanical system runs, why entry time matters more than people think, and how to size and manage the risk.
Zero days to expiration (0DTE) options have become one of the most actively traded instruments in the modern market. On a typical trading day, 0DTE SPX options account for more than 40–50% of all SPX options volume. The reason is simple: the theta decay is at its most powerful, the mechanics are well-defined, and for systematic sellers, the daily reset provides a clean, repeatable trading cycle. This guide covers everything you need to know to understand, evaluate, and trade 0DTE options — especially the iron condor approach on SPX. ...