Jeff 8:45 am on Friday, June 16, 2023
Tags: SPX1dte ( 1,714 )

SPX risk off

#SPX1dte Bought to close $SPX Jun 16th 4500/4520 call spreads for .10. Condors sold yesterday for 1.05.

I’m keeping the second half of Jun 23rd 4450/4470 call spreads into next week. I believe these can go ITM.

geewhiz112 10:50 am on Friday, June 16, 2023

Jeff, thanks for the risk reversal trade of 6/16. Sold the first half at $3 and the second half at $5.60 this morning. BTO at $0.71. Put side will expire and gain $0.47. Wish I had followed on the 6/23 above as well. Appreciate you sharing. Have a great weekend. And hope the SPX goes up another 100 points next week.
- Jeff 1:02 pm on Friday, June 16, 2023
  
  You did much better than I did, as I sold my 5/16 trade earlier in the week out of fear that we wouldn’t rise this high. Excellent job on selling this morning as you clearly picked the high point… it is worth ZERO now.
  
  I’m holding second half of 6/23 trade for hopeful ITM next week. It’s nerve-wracking though, since it lost $4 in value just today.
  
  In future I will consider going with a double-sized position. They are cheap or free to enter these trades, but then of course you are carrying twice the downside risk. Have to wait for next Upside Warning… maybe try it on the downside but I see that as much more risky, given the potential of bounce rallies.

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