Jeff 5:50 am on Wednesday, October 25, 2023
Tags: Rolling ( 447 ), SPX1dte ( 1,714 )

SPX trades 10/25

#SPX1dte #Rolling Sold to Open $SPX Oct 25th 4280/4300 call spreads for .60. Delta -.08, IV 26.1%.

Bearish MACD crossover on 5-min /ES chart. My 4310 short calls pretty far OTM; order in to close for .05.

Jeff 7:30 am on Wednesday, October 25, 2023

Stopped: BTC 4180/4160 put spreads for 2.75. If I could just get ONE DAY without a stop! Tried to wait this one out as 1-min and 2-min charts indicated possible bottom, but chart could not follow through so had to close on possibility of further drop.

Watching for reversal on 5-min to sell a new put spread.
- Jeff 7:45 am on Wednesday, October 25, 2023
  
  Closed at bottom, as per usual, it appears. 1, 2, 3 minute charts all into reversal, and 5-min chart showing its first green bar on MACD histogram. Sold 4205/4185 put spreads for 5.40.
  - Jeff 7:47 am on Wednesday, October 25, 2023
    
    Closed 4280/4300 call spreads for .20. 4330 short calls closed for .05 as we scraped the bottom.
    - Jeff 8:28 am on Wednesday, October 25, 2023
      
      Closed 4205/4185 put spreads for 3.40, so 2.00 profit. Looking for next reversal to sell calls.
      - Jeff 11:08 am on Wednesday, October 25, 2023
        
        Too much volatility… didn’t get a call spread off and now we’ve moved too low to risk either direction. Because of…
        
        1. Today’s large move
        2. Earning after the bell
        3. Powell speaking after the bell
        4. Weekly job claims in the AM…
        
        I will not be doing a 1-dte trade. I will look for trades after 8:30am ET

Leave a Reply Cancel reply

s: search
c: compose new post
r: reply
e: edit
t: go to top
j: go to the next post or comment
k: go to the previous post or comment
o: toggle comment visibility
esc: cancel edit post or comment