SPX bust

#SPX1dte The inevitable Murphy’s Law struck, and of course, the first day I go long is the first day in a couple weeks that neither side of the condor is threatened. Unless we get a violent mid-day move, this one is a loss of 1.60, which is what I purchased it for. Part of the problem today was that the market spiked 15 points HIGHER after I bought the condor on Friday. This set me up nicely for a profit on a spike higher this morning. But instead, we got a spike lower, meaning the put side was just too far away for meaningful profit. The struggle continues…