On Market Measure, Kai joins Nick and Tony to review a rough stretch for 0DTE iron condors after several weeks of strong upside momentum. Kai breaks down how standard 25% profit-target iron condors struggled during the recent rally, especially on sessions where the market never meaningfully pulled back intraday.

The team looks at whether rolling both sides of the iron condor after one spread becomes nearly worthless can reduce losses and improve overall performance. While rolling didn’t completely eliminate the toughest losing days, it significantly reduced average drawdowns and slightly improved overall efficiency. Kai also revisits how bullish 0DTE put spreads have dramatically outperformed during the recent six-week rally, with many trades hitting targets within the first hour.