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r/optionsr/options· u/lekkerist· 6d ago 4

meic 0dte on spx

Investor summaryNeutral

Author is researching 0DTE iron condor strategies on SPX and asking for practical advice on execution and position management.

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lately I am researching more about 0dte iron condors with multiple entries in a day.

this strategy has been popularized by Tammy Chambless and I have also seen it in the theta profits YouTube channel.

I like the idea of how mechanican it is.

Skip the morning volatility

Maximum 2% loss per day management

Up to 50% of buying power deployed

Making $1.5 per spread (trying to get equal amounts per spread)

Max loss per trade 1 net premium

Market order stop loss (bid ask spread is tight on spx so slippage should not be extreme)

Anecdotally 40% win rate

I am trying to find some more practical information about it from traders using the strategy.

I am mostly concerned with the possibly automated way of trading needed as well as how do you manage all the open positions if not.

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