Curious to hear if anyone else has a similar strategy that works. I havent tested this enough to confidently say its profitable, but I believe it should be.
Basically built a tool that looks at 0dte greeks on SPX chain to estimate dealer positioning and analyze the relative compensation for capped risk premium. In positive GEX environments with appropriate credit opportunity I believe iron condors can be profitable.
Does anyone else use a similar thesis? What works or doesnt work?
Starting a paper account and will share findings.
