EDIT: Adding this so I can search and find this post only for later reference. 🙂 🙂

fuzzyspxpapertrade

#0DTE – After looking back on some past attempts at this I feel like 5 wide works pretty good for me minimizing losses if a repair is needed. Really pushing my luck today hoping to need a repair just to see how it turns out. The repair would be selling the opposite side if short side is breached….(not turning it into an iron fly but more aggressively selling the same exact strikes on the opposite side).

Today so far central time

1. Sold call spread on early pop.
2. Sold put spread on the drop.
3. Closed original call spread. (real account would have stopped adding here)
4. Sold another call spread on pop.
5. Closed put spread.

Holding here with 4540 as the line in the sand for repair with alert set for 4538. 1.85 premium in the bank so would look for as close to 3.15 on a repair as I can get. I have the put spread repair in open orders now with a 5.00 price for easy access if needed. A quick adjust to the price and send it if needed.