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Zero-DTE & Adjustments
Futures & Options · Volatility & Expiry TradingExpiry-day 0-DTE Gamma/Pin risk and mechanical rolling/firefighting adjustments for tested spreads.
Topics in this Sub-Topic
Explore each dedicated topic below inside the 3-level Trade School hierarchy (Futures & Options / Volatility & Expiry Trading / Zero-DTE & Adjustments).
Zero-DTE Expiry Dynamics: Gamma Spikes, Pin Risk & 3 PM Settlement
Surviving expiry day when ATM Gamma approaches infinity and a 30-point index swing flips options from 0.20 to 0.85 Delta.
Defensive Adjustments: Rolling Untested Sides, Inverting & Delta Hedging
Mechanical rules for defending a tested Strangle or Iron Condor before the short strike goes deep In-The-Money.
Lessons
- Zero-DTE Expiry Dynamics: Gamma Spikes, Pin Risk & 3 PM Settlement
Surviving expiry day when ATM Gamma approaches infinity and a 30-point index swing flips options from 0.20 to 0.85 Delta.
- Defensive Adjustments: Rolling Untested Sides, Inverting & Delta Hedging
Mechanical rules for defending a tested Strangle or Iron Condor before the short strike goes deep In-The-Money.