Jeff 6:32 am on Thursday, February 15, 2024
Tags: IronButterfly ( 141 ), spx0dte ( 111 )

SPX 0dte 2/15/24

#SPX0dte Sold to Open $SPX Feb 15th 4975/5005/5035 #IronButterfly for 17.00, IV 19.3%

Small account alternative: Sold 4970/5000-5005/5035 condors for 15.40

matt0311 8:31 am on Thursday, February 15, 2024

this is a very slow decay today, is anything scheduled for today which could move the market?
- Jeff 8:51 am on Thursday, February 15, 2024
  
  No, there were some low level bond auctions at 8:30.
Jeff 8:52 am on Thursday, February 15, 2024

Both 10% targets hit at 8:50am, but holding out for more.
- Jeff 8:53 am on Thursday, February 15, 2024
  
  Closed IC for 13.00 so 15.6% of max profit. Holding the IB for more.
  - Jeff 10:37 am on Thursday, February 15, 2024
    
    Now I’m stuck. Had a chance for about 2.50 in profit. Despite the profitable proposition of waiting for the close, this probably needs to remain a 10% strategy.
    - Jeff 12:04 pm on Thursday, February 15, 2024
      
      Finally closed for 22.65, so 5.65 loss.
    - matt0311 6:05 am on Friday, February 16, 2024
      
      I believe you are right, any higher profit targets make it a higher risk trade and harder to achieve success. However, if the first trades were short duration lets say less then 2 hours, nothing would prevent you to open another trade that same day. Maybe with adjusted ATM values.

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