RADIANT RESEARCH
Strategy · SPX 0DTE · one contract throughout

Morning Wall

The wall, read early: by 10:30 the day's battlefield strike has declared itself, and the entire session's dealer hedging grinds toward it while morning premium is still rich.

$81,264
net profit per year, one contract
$19,294
defined-risk margin per trade (wing width − credit; exact value per trade in the blotter)
$1,384 (7.2%)
average net per trade, as % of its margin — held hours, never overnight
82%
win rate over 137 trades
$649
costs paid per year ($11.05/trade, itemized below)
−$6,627
max drawdown
< 1 in 1,000,000
odds these results are pure luck

Equity curve

Cumulative net profit, this strategy alone, after all costs.

0k100k200k202420252026$189,616

Monthly results

YearJanFebMarAprMayJunJulAugSepOctNovDecYear P&L
2024+1.2k+0.6k+15.8k+5.1k+5.1k+6.5k$34,312
2025+2.3k+7.4k+10.0k+21.3k+12.1k+5.2k+2.2k+5.3k+2.9k−1.4k+15.6k+3.7k$86,544
2026+2.6k+4.9k+16.3k+10.2k+2.2k+12.2k+10.1k+3.5k+6.7k$68,760

26 of 27 months positive · mean month $7,023 · worst month −$1,394

Trade logic, in full

Signal. The strike with the largest cumulative 0DTE volume by 10:30 — the same dealer magnet the afternoon wall strategies read, caught five hours earlier, while the day’s premium is still at its fattest.

Entry, 10:30 New York. Sell the call and put at the wall strike; buy wings 3.5% out. Enter only when net credit exceeds $1.00 — a filter that passes roughly one day in four on SPX: the strategy trades only high-premium mornings, and sits out the quiet ones.

Stop. 2.0× credit. Exit. 15:48.

Audit trail. Certified under the same adversarial protocol as Magnet: wings marked to zero at exit and stops evaluated on the short legs alone. Replication on SPY and QQQ (unseen in development) produced t-statistics of 5.6–14.2 with win rates to 91% — the strongest results in the program.

Every trade, every leg

The complete record — nothing curated. Each trade sells one STRADDLE — a call and a put at the same strike K — and buys two protective wings (put wing · call wing strikes shown). 'Sold C / P' are the two short legs' entry prices, 'Bought C / P' their buy-back prices; wing prices are shown as the pair's combined value. Prices are per index point (×$100). Fired because the entry clock was reached — this strategy trades by appointment, every qualifying day. Margin is exact: wing width − credit. Costs = 8 contract-sides × $1.35 + $0.25 regulatory. STOP = premium stop; THESIS = the level broke; EOD = scheduled 15:48 exit. All times New York.

DateIn→OutHowStraddle KSold C / PBought C / PWingsWings in→outGrossCostsNetMargin
2024-07-1710:30→15:48EOD560014.56 / 9.500.80 / 10.305400 · 58000.10→0.10$1,296−11.05$1,285$17,604
2024-07-2210:30→15:48EOD554016.30 / 8.9226.80 / 0.075350 · 57300.10→0.10−$165−11.05−$176$16,488
2024-07-2410:30→15:48EOD545031.94 / 3.500.85 / 13.405260 · 56400.10→0.10$2,119−11.05$2,108$15,466
2024-07-2510:30→12:22STOP540030.82 / 7.2575.96 / 0.355210 · 55900.10→0.15−$3,819−11.05−$3,830$15,203
2024-07-3110:30→15:48EOD550034.90 / 12.0027.90 / 0.775310 · 56900.15→0.10$1,818−11.05$1,807$14,325
2024-08-0210:30→15:48EOD530039.90 / 15.2040.05 / 0.205110 · 54901.25→0.10$1,370−11.05$1,359$13,615
2024-08-0810:30→15:48EOD530018.40 / 25.7017.50 / 1.305110 · 54900.50→0.10$2,490−11.05$2,479$14,640
2024-08-2310:30→12:42STOP56509.70 / 20.800.30 / 62.405450 · 58500.15→0.15−$3,220−11.05−$3,231$16,965
2024-09-0410:30→15:48EOD550040.07 / 3.6019.12 / 0.205310 · 56900.10→0.10$2,435−11.05$2,424$14,643
2024-09-0510:30→15:48EOD550043.80 / 2.302.50 / 8.005310 · 56900.10→0.10$3,560−11.05$3,549$14,400
2024-09-1210:30→15:48EOD56002.95 / 38.681.50 / 7.305400 · 58000.15→0.10$3,278−11.05$3,267$15,852
2024-09-1610:30→15:48EOD56501.45 / 36.560.07 / 17.605450 · 58500.12→0.10$2,032−11.05$2,021$16,211
2024-09-1810:30→15:48EOD563031.90 / 28.501.75 / 12.405430 · 58300.40→0.10$4,595−11.05$4,584$14,000
2024-10-0310:30→15:48EOD57009.01 / 22.000.72 / 8.395500 · 59000.10→0.10$2,190−11.05$2,179$16,909
2024-10-0910:30→15:48EOD575017.29 / 6.1040.63 / 0.055550 · 59500.10→0.10−$1,729−11.05−$1,740$17,671
2024-10-1010:30→15:48EOD58003.40 / 24.900.05 / 23.345600 · 60000.10→0.10$491−11.05$480$17,180
2024-10-2810:30→15:48EOD580043.28 / 1.2032.78 / 0.055600 · 60000.10→0.10$1,165−11.05$1,154$15,562
2024-10-2910:30→15:48EOD58501.25 / 28.500.40 / 6.555650 · 60500.10→0.10$2,280−11.05$2,269$17,035
2024-10-3110:30→15:48EOD570038.73 / 3.2034.00 / 0.055500 · 59000.10→0.10$788−11.05$777$15,817
2024-11-0110:30→15:48EOD575024.55 / 4.900.15 / 18.535550 · 59500.10→0.10$1,077−11.05$1,066$17,065
2024-11-0510:30→15:48EOD57803.50 / 24.601.35 / 5.605580 · 59800.10→0.10$2,115−11.05$2,104$17,200
2024-11-2010:30→15:48EOD59003.30 / 33.3017.25 / 0.175690 · 61100.10→0.10$1,918−11.05$1,907$17,350
2024-12-1110:30→15:48EOD60901.27 / 16.600.50 / 3.605880 · 63000.10→0.10$1,377−11.05$1,366$19,223
2024-12-1910:30→15:48EOD585052.80 / 6.1037.58 / 0.305650 · 60500.55→0.10$2,057−11.05$2,046$14,165
2024-12-2310:30→15:48EOD59504.20 / 35.2420.00 / 0.125740 · 61600.12→0.10$1,930−11.05$1,919$17,068
2024-12-3010:30→15:48EOD59006.50 / 32.2027.02 / 0.105690 · 61100.17→0.10$1,151−11.05$1,140$17,147
2025-01-1010:30→15:48EOD580041.10 / 5.4023.00 / 0.255600 · 60000.10→0.10$2,325−11.05$2,314$15,360
2025-02-0310:30→15:48EOD600010.50 / 32.086.04 / 4.305790 · 62100.22→0.10$3,212−11.05$3,201$16,764
2025-02-1010:30→15:48EOD606014.60 / 7.007.00 / 0.405850 · 62700.10→0.10$1,420−11.05$1,409$18,850
2025-02-2810:30→15:48EOD59502.25 / 57.490.20 / 31.695740 · 61600.37→0.10$2,758−11.05$2,747$15,063
2025-03-0410:30→15:48EOD580010.70 / 48.808.80 / 7.805600 · 60000.90→0.10$4,210−11.05$4,199$14,140
2025-03-1010:30→15:48EOD560070.50 / 6.2012.64 / 4.805400 · 58001.15→0.08$5,819−11.05$5,808$12,445
2025-04-1710:30→15:48EOD530010.80 / 45.801.38 / 14.825110 · 54901.02→0.10$3,948−11.05$3,937$13,442
2025-04-2210:30→15:48EOD525016.90 / 25.6035.90 / 0.205070 · 54300.90→0.10$560−11.05$549$13,840
2025-04-2510:30→15:48EOD55501.35 / 87.100.05 / 41.105360 · 57402.60→0.08$4,478−11.05$4,467$10,415
2025-04-2910:30→15:48EOD55702.80 / 57.821.59 / 7.605380 · 57600.55→0.08$5,096−11.05$5,085$12,993
2025-04-3010:30→15:48EOD55702.30 / 104.721.65 / 31.225380 · 57601.80→0.06$7,241−11.05$7,230$8,478
2025-05-0210:30→15:48EOD57006.30 / 29.000.60 / 18.105500 · 59000.37→0.06$1,629−11.05$1,618$16,507
2025-05-0510:30→15:48EOD565015.84 / 13.2011.00 / 1.205450 · 58500.10→0.06$1,680−11.05$1,669$17,106
2025-05-0610:30→15:48EOD560029.80 / 7.1128.70 / 0.075400 · 58000.10→0.10$814−11.05$803$16,319
2025-05-1410:30→15:48EOD59009.40 / 18.000.45 / 16.905690 · 61100.17→0.06$994−11.05$983$18,277
2025-05-1510:30→15:48EOD59003.10 / 28.8011.87 / 1.255690 · 61100.13→0.08$1,873−11.05$1,862$17,823
2025-05-2010:30→15:48EOD594013.10 / 10.901.70 / 9.105730 · 61500.10→0.08$1,318−11.05$1,307$18,610
2025-05-2810:30→15:48EOD59208.20 / 16.000.25 / 17.605710 · 61300.12→0.08$631−11.05$620$18,592
2025-05-2910:30→15:48EOD590024.14 / 11.3010.90 / 1.705690 · 61100.14→0.08$2,278−11.05$2,267$17,470
2025-05-3010:30→15:48EOD590018.60 / 13.0017.16 / 4.865690 · 61100.13→0.08$953−11.05$942$17,853
2025-06-0310:30→15:48EOD594015.50 / 7.4027.63 / 0.105730 · 61500.10→0.08−$485−11.05−$496$18,720
2025-06-0610:30→15:48EOD600012.80 / 12.403.90 / 2.605790 · 62100.20→0.07$1,857−11.05$1,846$18,500
2025-06-1210:30→15:48EOD602020.40 / 6.4016.78 / 0.255810 · 62300.13→0.06$970−11.05$959$18,333
2025-06-1310:30→15:48EOD60005.95 / 30.340.10 / 27.175790 · 62100.25→0.08$885−11.05$874$17,396
2025-06-1610:30→15:48EOD604015.44 / 6.900.65 / 8.105830 · 62500.30→0.06$1,335−11.05$1,324$18,796
2025-06-1810:30→15:48EOD600026.10 / 11.941.70 / 9.115790 · 62100.18→0.07$2,712−11.05$2,701$17,214
2025-06-2310:30→12:34STOP600010.48 / 12.500.80 / 45.705790 · 62100.33→0.20−$2,365−11.05−$2,376$18,735
2025-06-3010:30→15:48EOD619010.70 / 11.8018.00 / 0.625970 · 64100.13→0.06$381−11.05$370$19,763
2025-07-0310:30→12:59EOD62707.10 / 5.807.30 / 0.056050 · 64900.08→0.06$553−11.05$542$20,718
2025-07-0810:30→15:48EOD62307.30 / 12.301.15 / 4.326010 · 64500.10→0.06$1,409−11.05$1,398$20,050
2025-07-1110:30→15:48EOD625016.90 / 5.4015.10 / 0.156030 · 64700.10→0.08$703−11.05$692$19,780
2025-07-1410:30→15:48EOD62508.40 / 9.3017.00 / 0.056030 · 64700.08→0.08$65−11.05$54$20,238
2025-07-2110:30→15:48EOD63308.70 / 5.590.03 / 22.906110 · 65500.13→0.08−$869−11.05−$880$20,584
2025-07-2210:30→15:48EOD63005.60 / 12.4014.20 / 0.056080 · 65200.10→0.08$373−11.05$362$20,210
2025-08-0110:30→15:48EOD620057.60 / 3.3049.70 / 0.035980 · 64200.27→0.08$1,098−11.05$1,087$15,937
2025-08-0410:30→15:48EOD630017.00 / 7.0023.70 / 0.056080 · 65200.20→0.08$13−11.05$2$19,620
2025-08-1310:30→15:48EOD64704.53 / 14.450.25 / 9.206240 · 67000.13→0.08$948−11.05$937$21,115
2025-08-2010:30→15:48EOD64001.20 / 45.945.00 / 1.506180 · 66200.18→0.06$4,052−11.05$4,041$17,304
2025-08-2110:30→15:48EOD64006.94 / 17.500.05 / 31.426180 · 66200.17→0.10−$710−11.05−$721$19,573
2025-09-0210:30→11:49STOP64302.90 / 29.200.27 / 64.556200 · 66600.10→0.07−$3,275−11.05−$3,286$19,800
2025-09-1610:30→15:48EOD66106.55 / 9.002.90 / 1.756380 · 68400.13→0.06$1,083−11.05$1,072$21,458
2025-09-2510:30→15:48EOD660018.52 / 8.002.10 / 4.606370 · 68300.10→0.04$1,976−11.05$1,965$20,358
2025-09-2610:30→15:48EOD66501.60 / 39.470.20 / 9.006420 · 68800.20→0.10$3,177−11.05$3,166$18,913
2025-10-0110:30→14:25STOP667016.30 / 5.8543.90 / 0.256440 · 69000.15→0.08−$2,207−11.05−$2,218$20,800
2025-10-1410:30→15:48EOD660029.30 / 12.9033.10 / 0.456370 · 68300.38→0.08$835−11.05$824$18,818
2025-11-0410:30→15:48EOD674075.30 / 1.4043.50 / 0.056500 · 69800.10→0.06$3,311−11.05$3,300$16,340
2025-11-0610:30→15:48EOD672051.10 / 4.159.40 / 2.246480 · 69600.11→0.13$4,363−11.05$4,352$18,486
2025-11-0710:30→15:48EOD670011.50 / 30.0315.80 / 0.906470 · 69300.18→0.10$2,475−11.05$2,464$18,865
2025-11-1210:30→15:48EOD685013.40 / 13.505.00 / 1.906610 · 70900.10→0.06$1,996−11.05$1,985$21,320
2025-11-1410:30→15:48EOD670031.03 / 16.3034.00 / 0.156470 · 69300.28→0.06$1,296−11.05$1,285$18,295
2025-11-1810:30→15:48EOD660029.90 / 19.1029.58 / 0.156370 · 68300.13→0.08$1,922−11.05$1,911$18,113
2025-11-2810:30→13:00EOD683011.00 / 9.6017.80 / 0.056590 · 70700.10→0.07$272−11.05$261$21,950
2025-12-1510:30→15:48EOD680022.30 / 11.4021.00 / 0.056560 · 70400.08→0.10$1,267−11.05$1,256$20,638
2025-12-1610:30→15:48EOD680010.34 / 23.607.95 / 1.106560 · 70400.08→0.07$2,488−11.05$2,477$20,614
2026-01-2010:30→15:48EOD680064.30 / 1.701.55 / 7.776560 · 70400.08→0.06$5,666−11.05$5,655$17,408
2026-01-2110:30→12:05STOP68802.85 / 27.000.28 / 59.936640 · 71200.13→0.13−$3,036−11.05−$3,047$21,028
2026-02-0310:30→14:08STOP693022.80 / 9.400.37 / 67.506690 · 71700.10→0.08−$3,569−11.05−$3,580$20,790
2026-02-0510:30→15:48EOD680023.00 / 30.601.60 / 13.406560 · 70400.22→0.06$3,844−11.05$3,833$18,662
2026-02-0610:30→15:48EOD69007.89 / 33.0131.05 / 0.056660 · 71400.20→0.07$967−11.05$956$19,930
2026-02-1710:30→15:48EOD680016.10 / 28.5045.73 / 0.036560 · 70400.17→0.08−$125−11.05−$136$19,557
2026-02-2610:30→15:48EOD69008.00 / 39.717.55 / 0.956660 · 71400.45→0.08$3,884−11.05$3,873$19,274
2026-03-0210:30→15:48EOD69001.77 / 53.030.10 / 21.996660 · 71400.52→0.09$3,228−11.05$3,217$18,572
2026-03-1010:30→15:48EOD680016.40 / 20.900.45 / 22.746560 · 70400.23→0.08$1,396−11.05$1,385$20,293
2026-03-1210:30→15:48EOD670018.30 / 27.200.15 / 21.586470 · 69300.24→0.06$2,359−11.05$2,348$18,474
2026-03-1910:30→15:48EOD66009.30 / 34.6511.40 / 0.676370 · 68300.35→0.06$3,159−11.05$3,148$18,640
2026-03-2410:30→15:48EOD66003.65 / 50.600.03 / 39.456370 · 68300.32→0.06$1,451−11.05$1,440$17,607
2026-03-2510:30→15:48EOD660021.80 / 15.700.25 / 13.696370 · 68300.17→0.08$2,347−11.05$2,336$19,267
2026-03-3110:30→15:48EOD65003.00 / 55.8033.57 / 0.206270 · 67300.77→0.08$2,434−11.05$2,423$17,197
2026-04-0610:30→15:48EOD660023.40 / 11.808.80 / 0.356370 · 68300.30→0.08$2,583−11.05$2,572$19,510
2026-04-0710:30→15:48EOD66006.30 / 40.836.60 / 2.656370 · 68300.37→0.08$3,759−11.05$3,748$18,324
2026-04-1010:30→15:48EOD683017.30 / 6.500.03 / 19.116590 · 70700.15→0.08$459−11.05$448$21,635
2026-04-1510:30→15:48EOD70006.40 / 14.8021.39 / 0.056750 · 72500.15→0.08−$31−11.05−$42$22,895
2026-04-1610:30→15:48EOD700023.50 / 6.5639.58 / 0.056750 · 72500.17→0.06−$968−11.05−$979$22,011
2026-04-2210:30→15:48EOD71502.95 / 26.900.10 / 20.506900 · 74000.18→0.06$913−11.05$902$22,033
2026-04-2410:30→15:48EOD712014.40 / 13.6040.58 / 0.056870 · 73700.15→0.08−$1,270−11.05−$1,281$22,215
2026-04-2710:30→15:48EOD71609.50 / 13.4017.50 / 0.056910 · 74100.15→0.10$530−11.05$519$22,725
2026-04-2810:30→15:48EOD714010.90 / 13.802.40 / 2.406890 · 73900.13→0.08$1,985−11.05$1,974$22,543
2026-04-2910:30→15:48EOD713018.98 / 11.103.50 / 2.756880 · 73800.10→0.05$2,378−11.05$2,367$22,002
2026-05-0510:30→15:48EOD725013.10 / 8.5018.36 / 0.057000 · 75000.10→0.08$317−11.05$306$22,850
2026-05-0810:30→15:48EOD74005.90 / 18.800.80 / 4.807140 · 76600.18→0.08$1,900−11.05$1,889$23,548
2026-05-1110:30→15:48EOD74108.60 / 11.401.60 / 3.977150 · 76700.17→0.08$1,434−11.05$1,423$24,017
2026-05-1210:30→15:48EOD73806.50 / 21.8022.33 / 0.077120 · 76400.13→0.08$585−11.05$574$23,183
2026-05-2110:30→15:48EOD740022.50 / 14.9044.91 / 0.057140 · 76600.11→0.06−$761−11.05−$772$22,271
2026-05-2810:30→15:48EOD752030.30 / 3.8446.27 / 0.037260 · 77800.13→0.10−$1,219−11.05−$1,230$22,599
2026-06-0110:30→15:48EOD758010.30 / 13.1525.03 / 0.057310 · 78500.12→0.06−$169−11.05−$180$24,667
2026-06-0810:30→15:48EOD740046.50 / 6.609.27 / 1.407140 · 76600.17→0.09$4,235−11.05$4,224$20,707
2026-06-1210:30→15:48EOD740035.40 / 19.8021.61 / 0.207140 · 76600.35→0.07$3,311−11.05$3,300$20,515
2026-06-1510:30→15:48EOD75509.60 / 15.409.57 / 0.377290 · 78100.20→0.10$1,496−11.05$1,485$23,520
2026-06-1810:30→15:48EOD75008.60 / 31.103.90 / 3.507240 · 77600.25→0.06$3,211−11.05$3,200$22,055
2026-06-2410:30→15:48EOD740016.30 / 17.050.03 / 51.707140 · 76600.10→0.08−$1,840−11.05−$1,851$22,675
2026-06-2910:30→15:48EOD740014.30 / 19.5435.47 / 0.107140 · 76600.15→0.06−$182−11.05−$193$22,631
2026-06-3010:30→15:48EOD75003.80 / 27.082.95 / 5.107240 · 77600.18→0.06$2,271−11.05$2,260$22,930
2026-07-0710:30→15:48EOD750010.80 / 15.501.58 / 6.107240 · 77600.10→0.06$1,858−11.05$1,847$23,380
2026-07-2110:30→15:48EOD75008.46 / 14.1010.10 / 0.227240 · 77600.13→0.06$1,217−11.05$1,206$23,757
2026-07-2210:30→15:48EOD750010.10 / 12.504.80 / 1.157240 · 77600.11→0.06$1,660−11.05$1,649$23,751
2026-07-2810:30→15:48EOD740015.40 / 16.9035.20 / 0.037140 · 76600.10→0.10−$293−11.05−$304$22,780
2026-07-3010:30→15:48EOD740022.40 / 12.5040.65 / 0.057140 · 76600.14→0.08−$586−11.05−$597$22,524
2026-07-3110:30→15:48EOD75000.92 / 72.108.20 / 1.907240 · 77600.22→0.08$6,278−11.05$6,267$18,720
2026-08-1410:30→15:48EOD78005.40 / 13.600.03 / 17.357530 · 80700.15→0.08$155−11.05$144$25,115
2026-08-1810:30→15:48EOD770017.30 / 6.551.35 / 3.207430 · 79700.10→0.08$1,928−11.05$1,917$24,625
2026-08-1910:30→15:48EOD772010.50 / 10.700.20 / 13.207450 · 79900.08→0.08$780−11.05$769$24,888
2026-08-2410:30→15:48EOD765010.06 / 8.355.97 / 0.907380 · 79200.10→0.06$1,150−11.05$1,139$25,169
2026-08-2810:30→15:48EOD77407.70 / 18.510.04 / 30.907470 · 80100.08→0.06−$475−11.05−$486$24,387
2026-09-0110:30→15:48EOD765014.70 / 6.220.05 / 20.207380 · 79200.08→0.06$65−11.05$54$24,916
2026-09-0210:30→15:48EOD764031.18 / 3.1029.69 / 0.057370 · 79100.10→0.06$450−11.05$439$23,582
2026-09-0810:30→15:48EOD77002.65 / 22.700.03 / 20.007430 · 79700.12→0.10$530−11.05$519$24,477
2026-09-0910:30→15:48EOD765011.80 / 9.000.40 / 7.477380 · 79200.12→0.08$1,289−11.05$1,278$24,932
2026-09-1010:30→15:48EOD760013.20 / 11.300.60 / 8.607330 · 78700.13→0.08$1,525−11.05$1,514$24,563
2026-09-1110:30→15:48EOD767010.30 / 12.200.15 / 9.107400 · 79400.11→0.09$1,323−11.05$1,312$24,761
2026-09-1510:30→15:48EOD76005.10 / 20.700.04 / 19.707330 · 78700.15→0.07$598−11.05$587$24,435
2026-09-2210:30→15:48EOD77706.80 / 11.307.50 / 0.507500 · 80400.10→0.06$1,006−11.05$995$25,200

Radiant Research is a research demonstration by the V6 systematic trading project. All results are backtested on historical exchange data (Jun 2024 – Sep 2026 for SPX), net of modelled commissions, exchange and regulatory fees and half the bid–ask spread. They are not live results, not a solicitation, and not investment advice. Options involve substantial risk of loss.