How to Build 0 DTE SPX Iron Condors!

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#optionstrading #options #ironcondor

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Trying to decide between collecting 60% of a 10 delta IC vs 30% of a 30 delta IC. Both 5 wide. What would you guess would have greater daily success? And what stop loss would you use? I was guessing/hoping 50 to 100 max loss stop would work. Id do em quickly and mechanicaly daily w bracket orders. Another idea is going wider like 10 or 20 WITH stop loss set at same amount. Seems the risk is the same?

vfxhouse
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Try XSP instead of SPY. XSP is cash settled like SPX and is 1/10th of SPX.

psx
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Just be careful that you’re not under the PDT rule : 4 legs, that would be 4 trades closing within the same day. A big no no.
Much better to do a 1 or 2 DTE instead in that case…

bubblybull