Jeff 5:57 am on Wednesday, April 12, 2023
Tags: SPX1dte ( 1,714 )

SPX 1-dte SAME DAY

#SPX1dte In pre-market, sold to Open $SPX April 12th 4050/4070-4185/4205 condors for 1.10, deltas -.06 +.06

jsd501 6:05 am on Wednesday, April 12, 2023

I followed, thanks.
matt0311 6:42 am on Wednesday, April 12, 2023

How do you figure out the Delta in the pre-market? I checked at the time you posted and the Deltas I saw were quiet different, thanks!
- Jeff 8:17 am on Wednesday, April 12, 2023
  
  The TOS option chain always shows deltas, provided you have your columns set to show it.
  - matt0311 8:27 am on Wednesday, April 12, 2023
    
    I looked at IAB and Tastytrade, but not at TOS.
    I was more cautious and took only the put spread and have been shaken out and took a loss. in case you wanted to know why the prices are up again…
    - Jeff 8:30 am on Wednesday, April 12, 2023
      
      I trade on IB but I use TOS for charts and data. After I placed trade SPX futures dropped and the put delta increased. At the dip about 15 minutes ago my stop was almost touched, but we are bouncing now so remaining in the trade for now.
Hawk 10:09 am on Wednesday, April 12, 2023

on FOMC days, do you close your trades before the 2 pm or hold through?
- Jeff 10:27 am on Wednesday, April 12, 2023
  
  Usually not on meeting minutes. These days were dangerous last year when inflation was at highs, but things have calmed down now. On FOMC rate announcement days, I don’t trade at all until after the announcement.
  - Hawk 11:00 am on Wednesday, April 12, 2023
    
    got it.
    
    I found FOMC announcement day the morning could be quite juicy on option credits, as the market tends to quiet down by noon. minutes days less so, as you noted, today is somewhat an exception.
    
    on those days if I do credit trades, i generally close by noon or 2 pm at latest. may hold some debt trades. i had some 4090 and 4060 centered BWBs, all out now.

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