Jeff 7:16 am on Tuesday, October 10, 2023
Tags: SPX1dte ( 1,714 )

Stopped

#SPX1dte. Neutral trading just not in the cards right now. Closed this morning’s call side for 2.05.

Now I need to worry about the one I sold yesterday. As we’ve been seeing for a third day straight, the move up moves quickly and steadily, then stops when it finds its level. Unfortunately, I just don’t know what that level will be. Yesterday I stopped out but would have been fine. Friday I stopped out and avoided a much bigger loss.

Jeff 7:17 am on Tuesday, October 10, 2023

To be clear, I stopped this before stop level was hit..l.. then it WAS hit a few seconds later.
- Jeff 7:23 am on Tuesday, October 10, 2023
  
  Closed yesterday’s call spread for 1.25. Again, before the stop level was hit. I’m too tired of the bleeding to risk more expensive closes.
  - Jeff 7:45 am on Tuesday, October 10, 2023
    
    Bought to Open $SPX Oct 10th 4400/4420 call spreads for .75. A little long-shot skin in game. It’s a lot to ask to get there as we may have already topped out, but perhaps we can get close enough to pull some profit. Kind of at my wit’s end now, so trying for low cost plays. Not sure yet how or if I will trade tomorrow.
    - Jeff 8:57 am on Tuesday, October 10, 2023
      
      Sold half the position for 2.00.