options / backtesting / ai trading
Fact Check: 0DTE Iron Condor Strategy With Zero Losses
A TikTok creator said his 0DTE SPX iron condor made him $30,000 last month with zero losing days in all of August. So I handed the video to my platform and had it check.
Web Ingest pulled the video in as a source. Enrich Source watched it and caught the numbers he only showed on screen and never said out loud. Generate Portfolios coded his stated rules into a real options strategy. Backtest Portfolios ran it on minute data for a full year. Seven steps, no code from me, nine cents.
His rules won sixteen sessions out of twenty in August, so he is right that most of his days are green. But they lost money on the 3rd, the 4th, the 13th and the 20th. His worst morning was more than three and a half times bigger than his best one.
And the $30,000 has a price. At zero commission, the friendliest basis he has, that month takes eighty four SPX condors open every morning and $840,000 of collateral behind them. On August 13th that book gives back $65,245 before lunch, nine times the worst day the index had all month. Those figures are calculated from his own number, not from his brokerage statements.
The exact rules I configured are public and linked below. Fork the bot, change anything, and prove me wrong.
Transcript
0:00@bridgingcycles: The 0DTE SPX options strategy that made me $30,000 last month, I am changing.
0:05@bridgingcycles: I had zero losers in all of August, and even before that.
0:09We're about to fact-check this shit.
0:11@bridgingcycles: I was selling 0DTE iron condors.
0:14I would wait until the opening range, if it breaks out in a direction and then begins to consolidate.
0:20I'd wait for this consolidation, and I would open an iron condor with short legs right outside the daily expected range.
0:27I would buy 100 wide wings and target 25% of max profit.
0:31The Web Ingest tool pulled his whole video into my platform.
0:34Enrich Source then watched it and caught the numbers he only showed on screen and never said out loud.
0:40The Generate Portfolios tool created his trading strategy exactly as he described it.
0:45Backtest Portfolios ran that strategy on minute data for a full year.
0:50That was seven steps, no code from me, and it cost nine cents.
0:53He won sixteen sessions out of twenty, so he is right that most of his days are green.
0:58But he lost money on the third, the fourth, the thirteenth and the twentieth.
1:03His worst morning was more than three and a half times bigger than his best one.
1:07Then I tried to make him right.
1:09I pushed his strikes further out, I shrank his profit target, and I set his commissions to zero.
1:14He still had losing days.
1:16Now the thirty thousand.
1:17Give him zero commissions, the friendliest number there is, and thirty thousand in August takes eighty four condors open every morning, and eight hundred and forty thousand dollars of collateral behind them.
1:28On August thirteenth that book gives back sixty five thousand before lunch.
1:32Nine times the worst day the index had all month.
1:35At that size he does beat the index in August, by about fifteen hundred dollars, while risking eight hundred and forty thousand every morning to do it.
1:43Across the full year, the best version of his rules I could build returns two tenths of one percent.
1:49The index returned nineteen, and you pay no tax on shares until you sell.
1:53If I got you wrong, come call me out.
1:56The exact rules I configured are linked in my bio.
1:59I will hand you a free year of my platform to codify the strategy and prove me wrong.
2:05No strings attached, and if you can't recreate it, you keep the subscription anyway.
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