Jeff 5:48 am on Tuesday, October 17, 2023
Tags: SPX1dte ( 1,714 )

SPX same day

#SPX1dte Sold to Open $SPX Oct 17th 4280/4300-4405/4425 condors for 1.25, deltas -.06 +.06, IV 26.4%

Jeff 7:15 am on Tuesday, October 17, 2023

Trying a bit of @ramie77 style: Rolled down short 4405 call to 4395, net credit .65
- Jeff 7:24 am on Tuesday, October 17, 2023
  
  Error in my post: i rolled to the 4395… fixed it.
- Jeff 7:51 am on Tuesday, October 17, 2023
  
  Rolled 4300 short put up to 4320, .90 credit
  - Jeff 8:54 am on Tuesday, October 17, 2023
    
    Tried a new game and still got eaten up. Closed 4390 call for 4.40. Got stuck chasing it up rather than closing it aggressively. 3.40 loss
    
    Closed 4320 puts for .30, so 1.00 profit. Working to sell the 4340
    - Jeff 9:27 am on Tuesday, October 17, 2023
      
      Sold 4360 puts for 1.50. Got filled on about three-quarters of my position before index spiked up again.
      
      Also sold long 4425 calls from this morning for .40
      - Jeff 11:03 am on Tuesday, October 17, 2023
        
        Stopped out of 4360 puts for 5.80. Disastrous day. I tried something new without practice, and failed to heed reversal signals. This market continues to deliver wide swings intraday and is extremely difficult. However, had I watched the moving averages for reversals it would have been manageable. Try again tomorrow.

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