Strategies
0DTE on SPX
The initial focus here is on Bull Put Spread and Bear Call Spread. Depending on market structure and IV, this can later expand into an Iron Condor.
Tactic
How the approach is structured
For the first version of this page, 0DTE is intentionally limited to two clear setups: Bull Put Spread for bullish sessions and Bear Call Spread for weaker days or rally fades.
If the environment becomes more neutral and IV supports it, the same workflow can later expand into an Iron Condor.
SPXW fits this style because the product is liquid, cash-settled, and European-style. The regular PM-settled same-day contract trades until 4:00 p.m. ET.
With the OWS, this process can be automated under defined conditions.
Proof
Performance from 2025 to 2026
The image below is included as proof that 0DTE already delivered a measurable performance contribution during your 2025 to 2026 period.
Summary
Key points
- Setup For now only Bull Put Spread or Bear Call Spread.
- Bullish Bull Put Spread for constructive sessions.
- Bearish Bear Call Spread for weaker sessions.
- Neutral Later also Iron Condor depending on IV and market state.
- OWS Automatable under defined conditions.
- SPXW Liquid, cash-settled, and tradable until 4:00 p.m. ET.