Jeff 5:55 am on Thursday, February 8, 2024
Tags: spx0dte ( 421 )

SPX 0-dte

#SPX0dte Sold to Open $SPX Feb 8th 4960/4990/5020 IB for 16.70, IV 17.44%, 5:53am

Small account alternative: 4955/4985/4990/5020 condors for 15.10.

Jeff 6:39 am on Thursday, February 8, 2024

Goal is to be out before 10am PT to avoid the bond auction.
- Jeff 7:16 am on Thursday, February 8, 2024
  
  10% hit on condor and almost on IB, but I’m going to0 push for more today, since it looks like we may have consolidation at least until 10am.
  - matt0311 7:31 am on Thursday, February 8, 2024
    
    Good plan, but since I had the day yesterday I closed both on target. Today is much more in sync to what we are looking for. The expected move started to shrink from the open:
    06:30 – 16.53
    07:00 – 14.32
    07:30 – 13.76
    - Jeff 8:28 am on Thursday, February 8, 2024
      
      Agreed… reflecting on yesterday, it probably behooves us to consider less than 10% when we get a move like the spike up that started around 7am, from 4970 to 4994. Once that happens we should probably look to get out at breakeven or small profit, given that we are on the edge of the IB structure and risk for further move away becomes too great.
      - matt0311 8:36 am on Thursday, February 8, 2024
        
        good point.
  - Jeff 7:43 am on Thursday, February 8, 2024
    
    IC closed for 11.85, so 3.25 profit
    - Jeff 8:12 am on Thursday, February 8, 2024
      
      IB closed for 13.40 so 3.30 profit. Flat for today. 20% profit
      
      21.5% profit on IC

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