lately I am researching more about 0dte iron condors with multiple entries in a day.
this strategy has been popularized by Tammy Chambless and I have also seen it in the theta profits YouTube channel.
I like the idea of how mechanican it is.
Skip the morning volatility
Maximum 2% loss per day management
Up to 50% of buying power deployed
Making $1.5 per spread (trying to get equal amounts per spread)
Max loss per trade 1 net premium
Market order stop loss (bid ask spread is tight on spx so slippage should not be extreme)
Anecdotally 40% win rate
I am trying to find some more practical information about it from traders using the strategy.
I am mostly concerned with the possibly automated way of trading needed as well as how do you manage all the open positions if not.