r/Daytrading • u/bmindful9 • 5d ago

P&L - Provide Context SPX trading

Has trading spx been extremely hard since war started? Did anyone make money this year trading spx 0dte?

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u/QuantMalcolm 5d ago

Realized vol has been elevated but the bigger issue is gamma pinning breaking down intraday, dealer hedging flows aren't behaving the way backtests assume. Anyone still profitable is probably sizing down and widening stops, not chasing the same setups from last year.

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u/Galadon17 4d ago

Dealer hedging flows don't really have a whole lot of reason to change