Jeff 5:30 am on Wednesday, November 15, 2023
Tags: RiskReversal ( 86 ), SPX1dte ( 1,714 )

SPX trades 11/15

#SPX1dte Super late to game but with retail sales number coming and already strong $TGT earnings, going with bullish #riskreversal…

Sold $SPX Nov 15th 4460/4440 put spreads, delta -.08
Bought 4570/4590 call spread, delta +.05
Net CREDIT .05

Jeff 5:45 am on Wednesday, November 15, 2023

And reaction is…. negative so far. Of course, after missing several opportunities to get long, I finally do it before the first negative reaction to data. So far, nothing to sweat but just compounds my irreversible slide this year. I will look to roll up call side provided I don’t need to stop out of it.
- Jeff 8:07 am on Wednesday, November 15, 2023
  
  Legged into 4470/4490-4545/4565 condors for 1.30.
  - Jeff 8:46 am on Wednesday, November 15, 2023
    
    Stopped out of put side for 1.70. Tried to back out of the order when I saw the bounce but it filled before I could.

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