📊SPX 5 DTE Iron Condor and 0 DTE Iron Fly Profits Setup Review | S&P Breaks Previous Day Low Closing at $6714.58 | Options Small Account Challenge

🎯 Strategy: SPX 5 DTE Iron Condor and 0 DTE Iron Fly

🔥 Catalyst: Expected move analysis + bearish retracement thesis

📊 Result: +$262.50 net profit

🧠 Trade Review

– Built the 5 DTE SPX Iron Condor with the profit tent centered at 6715, anticipating downside pressure while keeping upside limited, which works out to be spot on as per previous seasonality studies on the 6th day after government shut down:

– Enhance the trade with balance account buying power using 0 DTE SPX Iron Butterfly with good risk:reward after market opened with a sharp downward daily move. Upon achieving the expected move for the day, the trade setup was made at $800 max loss with $1380 credit collected upfront.

✅ Why it worked

– Expected move analysis aligned with the chosen sell strike.

– SPX respected support levels and stayed above the long put hedge.

– Trade required minimal management once positioned.

📌 What could have improved

The Iron Butterfly high probability trade 25% profit target is achieved if the trade is held longer since it can potentially closed at $5.60 (which means $13.80 - $5.60 = $8.20 or $820 profit potential). This shall be optimised for the next trade since the 'expected move' thesis played out with a minor retracement back to 50% fib level after being rejected at the 61.8% fib level.

⚠️ Note: This is part of my trade journal for review — not financial advice. Always research and trade within your own risk tolerance.