XSP 0DTE Iron Condor (Small Account)

Small-account twin of the SPX 0DTE iron condor, at one tenth of the size (XSP = SPX / 10, cash-settled, 1-point strikes). Every trading day at 10:00 ET on the same-day expiry: buy the two wings first, then sell the call nearest 0.12 delta and the put nearest -0.12 delta, 3 points inside each wing. If either short doubles from its entry price, that side (short and its wing) is closed and the other side keeps running. The whole position closes at 50% of the credit while all four legs are open, on a strategy stop of -Approx. $150 per multiplier, or at 15:45 ET. Defined risk: max loss is the 3-point width minus the credit, about $300 per condor (one side can lose at a time). Times are US Eastern (Time(XCBO) clock). Capital per multiplier: $300, the broker margin for one condor (the 3-point width x 100; only one side can finish in the money).

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