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."

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."

Tom Sosnoff and the research team discuss various options trades, starting with a slightly bearish strangle on Google (GOOGL) at $180 and $215. They also evaluate a calendar trade on Uber (UBER) and a poor man's covered call on the Energy Select Sector SPDR Fund (XLE). The conversation wraps up with a short put trade on Lululemon (LULU), capitalizing on high implied volatility as the stock recovers from a drop. The team emphasizes strategic trading while navigating market conditions.

Tom Sosnoff and the research team discuss various options trades, starting with a slightly bearish strangle on Google (GOOGL) at $180 and $215. They also evaluate a calendar trade on Uber (UBER) and a poor man's covered call on the Energy Select Sector SPDR Fund (XLE). The conversation wraps up with a short put trade on Lululemon (LULU), capitalizing on high implied volatility as the stock recovers from a drop. The team emphasizes strategic trading while navigating market conditions.

In this episode of *Confirm and Send*, Tom and Tony discuss market movements, particularly noting the mini S&P (ES) up 38 points, and volatility trends. They analyze viewer queries about Fed rate surprises, options strategies, and the impact of AI on volatility prediction. Notably, they emphasize the unpredictability of the Federal Reserve's decisions and argue for aggressive adjustments in trading strategies. The conversation highlights the importance of managing Delta through various options spreads to mitigate risk, regardless of market trends.

In this episode of *Confirm and Send*, Tom and Tony discuss market movements, particularly noting the mini S&P (ES) up 38 points, and volatility trends. They analyze viewer queries about Fed rate surprises, options strategies, and the impact of AI on volatility prediction. Notably, they emphasize the unpredictability of the Federal Reserve's decisions and argue for aggressive adjustments in trading strategies. The conversation highlights the importance of managing Delta through various options spreads to mitigate risk, regardless of market trends.