#SPX0dte Starting a new hashtag today to represent a shift in strategy, using a same-day #IronButterfly in non-volatile periods on days where no big moves are expected. I will still likely use condors on some days.

At 5:26am, Sold to Open $SPX Feb 5th 4920/4950-4950/4980 iron butterflys for 17.25, IV 19.5%. Profit goal is at least 10% of max, so close order is in to buy back for 15.50. Stop will be manual, I will look to exit if premium reaches 20.75.

I also have a tight condor in accounts that are under or near $25K, i have a tight condor as an alternative to avoid pattern day trading violations. This is 4915/4945-4950/4980 condors for 15.40. The order to close set for 13.85.