Jeff 5:16 am on Monday, February 26, 2024
Tags: spx0dte ( 421 )

SPX trades 2/26/24

#SPX0dte Sold to Open $SPX 5060/5090/5120 Iron Butteflys for 16.20, IV 16.3%

Small accounts: 5055/5085-5090/5120 condors for 14.35.

geewhiz112 6:37 am on Monday, February 26, 2024

IN at 16.20 as well. I never get filled in premarket.
Hope you enjoyed the concert.
- geewhiz112 7:39 am on Monday, February 26, 2024
  
  Out at $14. 14% of max.
Jeff 7:19 am on Monday, February 26, 2024

10% hit on the IC, closing in on IB. Going for 2.00 on each today since we are not trending strongly.
- Jeff 7:20 am on Monday, February 26, 2024
  
  IB 10% hit now too.
  - Jeff 7:30 am on Monday, February 26, 2024
    
    IC closed for 12.35
    - Jeff 7:37 am on Monday, February 26, 2024
      
      IB closed for 14.20. Flat for day.
      - davidm501 8:35 am on Monday, February 26, 2024
        
        Tried to sell the 5060/5090/5120 Iron Buttefly for 16.0 starting at about 9:05 and could not get a fill. Sold the 5065/5095/5125 for 15.10 @ 9:35 looking for 10%. Decided that things were not looking so hot and dropped my goal to .075% at 10:30. Got that @ 11:17.
        My thought is that vol was not high enough and I did not get enough premium, if I wanted to get out with a win this would increase my odds.
        As I mentioned when I go back on here a couple weeks back I am focused on making a small profit somewhat reliably and to get away from my desk around noon most days once and am trying to establish some rules. I am considering making one of those rules dropping my profit target to .075% @ 10:30.
        Frankly I am not real sure this is the best trade to focus on, but I’ll stick with it for a bit longer before making any decisions.
        
        davidm501 9:24 am on Monday, February 26, 2024
        
        And I need to get better at proofing my posts 😦
        I’ll have more time after May 3 when I retire, unless I get lucky and get laid off first and collect severance.

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