Tastylive hosts Tom Sosnoff and Tony Battista analyzed zero DTE iron fly strategies, sharing research on optimal approaches based on two years of backtesting data. Trading these at 9 a.m. with $10, $20, and $30 wings reveals varying win rates based on profit targets.

Key findings show that iron flies with $20 wings targeting 10% profit achieve a 78% win rate, while more aggressive 20% targets win 61% of the time but with larger average profits ($177 vs. $92). The hosts demonstrated the strategy live by executing an SPX iron fly with $20 wings for $13.75 credit.

Research indicates Thursday is the worst day for zero DTE trades. The hosts emphasized early profit-taking as crucial for success, noting "there's no wrong way to sell zero DTE premium as long as profits are captured early."