Blog

Iron Condor

11 posts tagged Iron Condor.

Fix My Backtest episode with Mark Anderson on the Option Omega show

October 20, 2026Iron Condor

Walk-Forward Analysis With AI and the Option Omega MCP

Use the Option Omega MCP to run walk-forward analysis with AI: optimize on past data, freeze your settings, and test them on the next unseen months.

Thumbnail from the video The Option Trading Show: 21 DTE SPX Condor

September 19, 2026Iron Condor

21 DTE SPX Iron Condor: A Bullish-Leaning Condor With an IV Percentile Cap

A 21 DTE SPX iron condor (25-delta put, 15-delta call, 10 wide) won 92% of the time in its backtest from May 2025. The setup, the IV cap and the regime caveat.

Thumbnail from the video The Option Trading Show: IV Percentile and more

September 14, 2026Iron Condor

IV Percentile Filter: How IVP Doubled a 0DTE Iron Condor's Capture Rate

Option Omega added IV percentile, IV rank and HV filters. In a quick backtest, a 20–80 IVP range roughly doubled a 0DTE SPX condor's capture rate.

Thumbnail from the video Risk $5 to Make $50 on spread premium targeting

August 6, 2026Iron Condor

Risk $5 to Make $50: How to Pick 0DTE Iron Condor Strikes by Spread Premium

Spread premium targeting picks 0DTE iron condor strikes by what each entry collects or risks, not by delta. Credit and debit examples, backtested in 2026.

Thumbnail from the video Introducing the Optimizer

July 20, 2026Iron Condor

Option Omega Optimizer: Run 500 Backtests at Once and Test the Concept

The Option Omega Optimizer sweeps up to 5 parameters at once. Matt ran 700+ backtests in about 10 minutes on an iron condor losing year to date.

Thumbnail from the video Iron Condors Explained: Strikes, Deltas and Where Trades Go Wrong

July 11, 2026Iron Condor

Iron Condors Explained: Strikes, Deltas, Width and Where Trades Go Wrong

Dan Sheridan builds a 22-day SPX iron condor and explains how strikes, deltas, width and duration shape risk, and the delta levels he watches for trouble.

Thumbnail from the video SPX 0DTE Iron Condors with Tammy Chambless

June 13, 2026Iron Condor

How Tammy Chambless Trades 0DTE Iron Condors in 2026: What Changed in Her MEIC

Tammy Chambless backtests her MEIC every month. Here is what changed in 2026 — earlier entries, triple the slippage — and why she still holds to expiration.

A 0DTE trade replayed minute-by-minute against the underlying and VIX

June 9, 2026Iron Condor

How to Backtest a 0DTE Iron Condor on SPX

A step-by-step walkthrough for backtesting a 0DTE SPX iron condor on 1-minute data, from picking strikes by delta to intra-minute stops and reading results.

Thumbnail from the video How a Pro Turns Calendars Into Free Iron Condors

May 30, 2026Iron Condor

Moving From Risk to “Risk-Free”: Tomas Byron Explains the Condor Nest

Tomas Byron explains the Condor Nest, which starts with a double calendar and converts it into an iron condor to change the risk profile and provide margin relief.

Thumbnail from the video 0DTE Is Dead? Part 3 SPX Iron Condor Non-Opening Range Breakout

March 20, 2026Iron Condor

SPX Iron Condor Non-Opening Range Breakout (NORB) Backtest Results

Is 0DTE dead? Part 3 backtests a 0DTE SPX iron condor that enters only when the opening range holds. It won 80% of trades in the 90 days before the video.

Thumbnail from the video 0DTE Is Dead? Part 1 SPX Iron Condor Power Hour Backtest

February 20, 2026Iron Condor

SPX Iron Condor Power Hour Backtest: Is 0DTE Dead? (Part 1)

Matt re-runs a 0DTE SPX iron condor sold in power hour on Mondays and Fridays, 10 wide with a 50% profit target and 3:52 exit. Results as of February 2026.