#SPX1dte Stop hit on the 4065/4085 call side, so looking to exit. This pretty much means that literally every other day this strategy hits its stop point, and it can be either on the put or call side. It may be prudent to alternate between short and long spreads. It seems each volatile day is followed by a more docile one, and vice versa. In any case, it’s the first prolonged period since the 2020 crash that this strategy has struggled.
Bought to close $SPX May 26th 3960/3940 put spreads for .05. Condors sold yesterday for 1.75