Jeff 6:33 am on Monday, January 28, 2019
Tags: MarketTide ( 11 ), SPX1dte ( 1,714 )

SPX 1-dte long

#SPX1dte Sold a third of the $SPX Jan 28th 2620/2600 put spreads for 2.00. Condors bought for .70 on Friday.

mortlightman 7:11 am on Monday, January 28, 2019

Looks like this strategy seems to be working in this high IV time.
- Jeff 7:29 am on Monday, January 28, 2019
  
  Yes… however it is challenging figuring when to exit…. I got as high as 3.50 on the lows but wanted to wait for more. Now it’s down to 1.50. I should probably watch the Market Tide signals more closely.
- Jeff 7:35 am on Monday, January 28, 2019
  
  And it’s actually a low IV / high HV time that makes it work. If IV gets back up near 20 I will probably switch back to selling.
Jeff 7:43 am on Monday, January 28, 2019

Sold second batch for 1.25. I gotta watch the #MarketTide indicator…. these got up to 3.50 but I waited.
- mortlightman 7:53 am on Monday, January 28, 2019
  
  post if you can how you find when to do this and what parameters you use
  - Jeff 8:09 am on Monday, January 28, 2019
    
    I’m not using any set parameters yet for exit. Just trying to play the swings best I can. The only indicator I’m looking at is Market Tide arrows on /ES

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