MEIC 0DTE

Multiple-entry 0DTE SPX iron condor — 10-15Δ shorts, 30-pt wings, stop/side = total credit (Theta Profits / MEIC mechanics)

Volatility OSP playbook — what to look for & live signal reasoned from code
Profit mechanism. Same-day SPX iron condor: short put + short call at 10-15Δ, 30-pt wings, ~equal credit both sides. Stop per SIDE = total credit (one side stopping ≈ scratch); TP 0.05/short. Run as multiple entries ≥30 min apart (time-tranching inside the day).
Look for:
  • Both short deltas inside 0.10-0.15; credit/side 1.0-2.0 pts
  • Credit balance ≈ 1.0 (equal both sides)
  • Tight spreads — this trade's edge lives in stop-fill quality
  • VRP > 0 (ATM IV above realized) before selling the day
Edge / reality: EXTERNAL claim, NOT verified here: Sandvand (Theta Profits) reports 9,100 trades Apr-2021→Feb-2026, 40% wins / +0.28% per trade, 49/57 months profitable. Edge is execution-dominated (5.65% premium capture) — stop slippage decides the P&L. Paper-track fills before sizing.
Live-signal caveat: No in-repo backtest possible on daily bars (friction verdict); needs NBBO tick data or live paper fills to validate.
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