Every 0DTE trade forces a decision: take profits early, or hold to the close? On Tasty Research, Julia Spina and Mike Butler dig into a backtest on that exact question, using 20-delta SPX iron condors with wide wings to model a synthetic strangle, entered in the morning and either held to expiration or managed at a 25% profit target. The headline result is striking. Adding that 25% target lifted the win rate from roughly 75% to about 90%, cut daily P&L swings by around a third, and improved the average bad day. The reason is simple: about one in five trades that were profitable at some point gave the gains back and finished as losses when held, exactly the outcome a profit target avoids. The trade-off is capped average profit per trade, but the study finds most of the profit arrives in the first half of the trade anyway, so holding longer ties up capital while it works less efficiently. Every gimme has a gotcha. Educational, not a recommendation. Study by Kai (@KaiOverOptions). 📊 ta...