Jeff 5:27 am on Tuesday, March 5, 2024
Tags: spx0dte ( 421 )

SPX 0-dte 3/5/24

#SPX0dte Sold to Open $SPX Mar 5th 5080/5110-5115/5145 condors for 15.00, IV 16.64%

Jeff 6:31 am on Tuesday, March 5, 2024

10% hit 90 seconds after open. Holding for more.
- davidm501 6:49 am on Tuesday, March 5, 2024
  
  Sold IB @ 9:37. I need to make that call about pre-market orders.
  SELL -1 IRON CONDOR SPX 100 (Weeklys) 5 MAR 24 5110/5140/5105/5075 CALL/PUT @13.980 LMT
  
  Bracket order:
  limit @ 12.40
  Stop limit: 16.50/17.00
  - davidm501 7:02 am on Tuesday, March 5, 2024
    
    Out at 10:01 for 10%/$140
matt0311 7:03 am on Tuesday, March 5, 2024

Didn’t quite get your fill, but 14.40. just closed at 12.80, which is my 10% as i try to collect the fees as well. Good day.
- Jeff 7:25 am on Tuesday, March 5, 2024
  
  Good job y’all. I stepped in it again and got greedy. Could have exited with nearly 3.00 in profit. Now facing a possible loss if a bounce doesn’t come soon.
  - Jeff 12:04 pm on Tuesday, March 5, 2024
    
    Welp, the day I decide to “let it run” to the close, given that MOST days this year waiting for the close would have been more profitable… of course, it looks like I’ll get a max loss. -15.00 in this case. I’m glad that’s less than the 6-delta strategy max loss, and glad that by the end of this week I should still have a 2-week profit. But very disappointed in myself for lack of discipline. I keep wanting to “make up” for past mistakes and can’t get myself to be satisfied with 10 to 15 percent each day.
    
    One hour left, I hope we can bounce back above 5080 so I’ll lose less than the max.
    - davidm501 2:35 pm on Tuesday, March 5, 2024
      
      I probably will not have time to track this in depth until I give up the day job, but I would like to determine whether it might be worth the extra premium from the IB over the IC to give more room to get out on trend days/days gone wrong. I looked back at 2/22 when I ducked out with a small profit as it was looking like a trend day, serious damage could have been done. Today could have presented the same issue if not for the 10:00 pop that got me out.
      - Jeff 5:57 am on Wednesday, March 6, 2024
        
        I live traded both IC and IB over last three weeks and found the IC to consistently achieve the 10% more quickly. That’s why I dropped the IB. A longer term test could be infomative.

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