0DTE Jade Lizard: The 2PM Sweet Spot

The jade lizard is one of the most elegant structures in options trading. This episode tests what happens when you push it to the extreme — zero days to expiration on SPX. Mike and Jamal break down three years of 0DTE SPX data comparing different profit targets, spread widths, and entry timing. The finding that stands out: closing at 50 to 75% of max profit consistently beats no management, and the reason is simple — the last hour of the trading day is where things go wrong. The sweet spot is around 2PM CT. They also cover why holding a jade lizard overnight with a low profit target is a setup for trouble, and why the 0DTE version becomes especially relevant now that the PDT rule is gone on June 4. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Jade Lizard Setup Explained 1:53 Short-Term Adaptation 3:55 Study Methodology 6:26 0DTE Results: 20-Wide Put Spread 8:49 Closing at 75% vs No Management 9:52 0DTE Results: 30-Wide Put Spread 10:03 1DTE: The Overnight Risk Problem 12:52 Seven-Day Jade Lizard Highlights 14:00 Key Takeaways #jadelizard #0dte #spxoptions #optionstrading #marketmeasures Disclaimer tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.