Jeff 5:34 am on Thursday, August 10, 2023
Tags: SPX1dte ( 1,714 )

SPX same day

#SPX1dte About three minutes after CPI report release: Sold to Open $SPX Aug 10th 4410/4430-4555/4575 condors for 1.15, deltas -.06 +.05, IV 28.2%.

matt0311 8:09 am on Thursday, August 10, 2023

tried to follow your trade, but concentrated more on the Delta then the strike. When I was ready to enter, Delta 5 for the s-call was around 4540 as the futures really moved hard at that time. Of course this lower strike got me into trouble and I had to exit very early with a small loss. I should have been forewarned as the premium for the s-call was .98 vs s-put .59, that doesn’t occur that often. Another lesson learned.
- Jeff 11:24 am on Thursday, August 10, 2023
  
  After news events, deltas can change in a flash. I always try to put down the delta that existed at moment of the fill. But by the time I finish writing and Post the trade, the deltas are already different!

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