Jeff 5:32 am on Monday, December 4, 2023
Tags: RiskReversal ( 86 ), SPX1dte ( 1,714 )

SPX trades 12/4

#SPX1dte Sold to Open $SPX Dec 4th 4525/4545-4620/4640 condors for 1.15, deltas -.07 +.07, IV 18%

Jeff 6:15 am on Monday, December 4, 2023

STOPPED already. Relentless drop since i entered the position. Took the risk off before the 15 minute trading halt. BTC put side for 2.60. Crappy start to the week.
- Jeff 7:06 am on Monday, December 4, 2023
  
  BTC Dec 6th 4445/4425 put spreads for .10. Takes all risk off of #RiskReversal entered last week. Still have half of the 4655/4675 long call spreads, which are a long shot but could benefit with positive reactions to data releases Tuesday and Wednesday.
  - Jeff 7:14 am on Monday, December 4, 2023
    
    STO Dec 4th 4540/4520 put spreads for .90, delta -.12, IV 16.4%
    
    I was stopped out at basically the lows of the day on the first puts. Now sold these 5 points lower on the premise we won’t go lower.
    - Jeff 7:25 am on Monday, December 4, 2023
      
      Wrong again! Stop point already hit so I’ll have to exit.
      - Jeff 8:19 am on Monday, December 4, 2023
        
        Stopped for 2.00. Stepping back for now.
        
        Jeff 10:17 am on Monday, December 4, 2023
        
        Sold to Open $SPX Dec 5th (next day) 4500/4520-4610/4630 condors for 1.45, deltas -.07 +.09, IV 12.8%
        
        Jeff 1:00 pm on Monday, December 4, 2023
        
        The Dec 5th condors ended the day with deltas of -.04 +.07, and premium of around .80. I’m keeping it overnight.

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