Jeff 12:09 pm on Friday, January 18, 2019
Tags: SPX1-dte ( 27 ), SPX1dte ( 1,714 )

SPX 1-dte, legging in

#SPX1dte Sold $SPX Jan 22nd 2715/2735 call spreads for .45. Legging in as I see us going lower into the close. Will sell puts soon.

Jeff 1:13 pm on Friday, January 18, 2019

Well, that did not work out well. Not only did we not go lower, but the premium just drains away in the last hour. So even though we remained fairly flat after my first trade, I ended up having to move 15 points higher on the puts to get ample premium. Pretty tight range on Tuesday. On the volatile days at end of December and beginning of January I was getting 1.20 and above for these spreads in the last few minutes of the day. On these quieter days, I definitely need to adjust the strategy and sell earlier in the day. If I can lock in decent premium, then the index going higher or lower into the close won’t really matter… unless it’s a news-driven reaction to something, in which case I’ll then have to roll same day.

Sold $SPX Jan 22nd 2630/2610 call spreads for .50. Total for the whole condor: .95.
- MamaCash 1:49 pm on Friday, January 18, 2019
  
  Same here
- Quinae 3:42 pm on Friday, January 18, 2019
  
  Jeff–Are you looking for a specific delta when selling the short legs of your SPX 1-dte spreads? #SPX1-dte
  - Jeff 10:30 am on Saturday, January 19, 2019
    
    I look for .06 or lower.
elitethink 1:20 pm on Friday, January 18, 2019

2640x2630p and 2700x2710c for 2.00 for me. stops at 3.00

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