The LIZ and JNY Show - October 1, 2025 - 0 DTE SPX Winning Streaks Outperform Losing Ones

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Trading Streaks and Box Strategies Take Center Stage In a data-rich analysis of SPX zero-DTE options, Jacob Perlman's study revealed winning streaks outperform losing ones with 10% profit targets producing better results than holding to expiration. Over two and a half years of daily trades, the research showed winning runs averaged $502 profit versus $222 losses for losing runs. TP explained how SPX box spreads function as interest rate trades with near-zero delta, providing an alternative to traditional fixed-income investments. By selling deep in-the-money put spreads and call spreads, traders can essentially create synthetic bonds yielding approximately 4% annually. The hosts challenged a recent CNN article suggesting high stock market participation signals impending doom, arguing instead that market participation should be encouraged rather than feared. Both emphasized the democratizing nature of trading and the impossibility of timing market entries.