On Options Jive, Nick, Tony, and Kai review how several popular 0DTE strategies performed during May's relentless rally. With the S&P posting another strong month and volatility remaining subdued, Kai shows why traditional 20-delta iron condors struggled as repeated upside moves pushed through short call strikes before profit targets could be reached.

The discussion also explores rolling adjustments, profit-target tweaks, and why simple put spreads dramatically outperformed during the month. While iron condors faced multiple losses in one-way market conditions, bullish put spreads delivered perfect win rates, highlighting how market direction can heavily influence short-duration option strategies.