In this live session the host walks through how he sets up zero DTE SPX iron condors, and the twist is what he ignores. No implied volatility, no deltas, no probability numbers. At zero days to expiration he lets the option prices define the expected move, matching a put and a call of the same price so the market draws the range for him.
From there he sizes the trade, gives it room, and sets a resting order to take it off at half. He also runs through a quick SpaceX put vertical and the metric he uses on spreads, aiming to collect about a third of the width of the strikes. This is education, not a recommendation.
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Chapters
00:00 The year of upside skew
00:16 A quick SpaceX put vertical
00:42 The third-of-the-width metric
02:11 Building the SPX ir...