DTR had this as one of their best set ups for a SPX iron condor: Profit Factor (4.5%): 80 DTE ST structure 25 pt. wings 8 delta shorts 300% stop loss / 50% profit taking 2007 - 2016 win rate: 96% 2016 - 2017 win rate: 83% I am sure there are differences in how these were implemented. Here's my test: I see an 80% win rate. Here are some trade examples: Let me know if I did this correctly. Here is the test https://wheel.orats.com/backtest/1MpDf7wsrND4XrpEsMak1kZUQnZyKnmnZr
Nowadays you have options that expire every (working) day, so surely this is possible on some indexes.