Tactic
How 0DTE on SPX is traded here
0DTE options expire on the same trading day. That is why timing, execution, and intraday risk management matter more here than in almost any other options style. For the first version of this page, the focus is intentionally limited to two directional setups: Bull Put Spread and Bear Call Spread.
The Bull Put Spread is the bullish version for sessions where support, trend, or market structure points upward. The Bear Call Spread is the mirrored bearish version for weaker days or rally fades into resistance.
Depending on market conditions and implied volatility, the workflow can later expand into an Iron Condor. That means both sides are combined when the environment is more neutral and IV supports broader premium selling.
SPXW is especially useful for this because the options are highly liquid, cash-settled, and European-style. The regular PM-settled expiring contract trades until 4:00 p.m. ET on expiration day. There is no physical stock delivery like in many US equity options.
On top of that, SPXW series are available across multiple weekdays. That is what makes 0DTE on SPX practical in the first place, because most trading days come with a matching same-day expiration.
What makes 0DTE attractive and dangerous at the same time is the extreme acceleration of gamma and theta during the final trading hours. Small index moves can flip the structure of a spread very quickly, which is why position sizing and early risk management matter far more than in most other option styles.
With the OWS, this process can be automated under predefined conditions. The tool can prepare and execute a Bull Put Spread, Bear Call Spread, or later also an Iron Condor depending on market state.
Performance from 2025 to 2026
The image below is meant as proof that 0DTE already played a measurable role in your performance during the 2025 to 2026 period.
