Jeff 12:29 pm on Thursday, March 26, 2020
Tags: SPX1dte ( 1,714 )

SPX 1-dte

#SPX1dte Sold $SPX March 27th 2380/2400-2760/2780 condors for 1.80. IV: 66%, SPX 2592, deltas: -.06, +.06, OTM -7.4%, +6.5%

fuzzballl 12:48 pm on Thursday, March 26, 2020

I’ll try one at 1.90
fuzzballl 7:54 am on Friday, March 27, 2020

Do you ever do these Friday into Monday? Looking out to Monday it looks like you could go 200 points OTM and 10 wide for a couple bucks. Today’s looks great!
- Jeff 7:59 am on Friday, March 27, 2020
  
  Yes, but I got bitten twice on Monday expirations. I’m careful to make sure I can get sufficiently OTM now… Like last Friday’s trade: Sold $SPX March 23rd 1975/2000-2550/2575 condors for 2.20. OTM: -13.2% and +10.7%
  
  With that much premium and that far OTM, pretty sure bet. I suspect it won’t be quite this good this afternoon, so I’ll wait and see. I also may try a bearish lean for Monday, as I believe the euphoria of stimulus will quickly be overtaken by the prevailing understanding how bad the economy is getting hit.
  - fuzzballl 8:04 am on Friday, March 27, 2020
    
    I see. My example is only about 8 percent OTM but just 10 wide wings. Can widen those a little and get much safer strikes for similar premium.

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