#SPXcampaign Whew! What a day. Playing the SPX campaign means you’ll have rough days like this. My only disappointment today was the May 17th 2380/2355 spread I should have closed yesterday. That’s the only stopped spread that i have not yet rolled. Will add on some rolls in the coming days. All other trades pretty much as the [lan goes on such a sharp down day; despite the drawdown in the accounts today, positioning to gain it all back and then some in coming weeks.

I have been prepping a revised webinar on the strategy and have seen that when a Downside Warning or Upside Warning first hits, selling reverse rolls around and above recent extremes is a safer bet than rolling further out in the same direction. So today, I rolled most back into call spreads, since the odds are we will not be returning to 2400 area for at least a couple weeks.

Here are my trades since 2p ET, when things started to really crater:
BTC SPX May 17th 23870/2355 for 14.00. Sold for 2.35 on May 9th (not yet rolled).
Stopped SPX May 19th (Friday PM) 2350/2335 puts for 3.85. #ReverseRoll to May 31st 2390/2415 calls for 4.80 (extra premium will be applied to another roll).
BTC June 9th 2450/2475 calls for .20; sold for 1.50 on May 10th.
Stopped June 9th 2310/2285 puts for 3.35; #ReverseRoll to June 7th 2400/2425 calls for 4.10.
Stopped May 26th 2365/2340 puts (risk/reversal) for 7.85. #ReverseRoll to May26th 2380/2405 calls for 8.00.
STC May 26th 2410/2430 long call spreads (risk/reversal) for .80.
Stopped May 22nd 2375/2350 puts (risk/reversal) for 9.40. #ITMroll to May 30th 2370/2445 put spreads for 7.60, with May 30th 2405/2430 call spreads for 2.10 added to make up for debit.
STC May 22nd 2410/2435 long call spreads (risk/reversal) for .20. First half sold Monday for 3.30.
Stopped June 2nd 2310/2285 puts for 2.75. #CondorRoll to June 9th 2235/2255/2415/2435 for 3.10.