Jeff 6:11 am on Friday, March 8, 2024
Tags: spx0dte ( 421 )

SPX 0dte 3/8/24

#SPX0dte Sold to Open $SPX Mar 8th 5140/5170-5175/5205 condors for 17.35, IV 22.1%

20-point-winged test trade was at 13.65

davidm501 6:44 am on Friday, March 8, 2024

SELL -1 IRON CONDOR SPX 100 (Weeklys) 8 MAR 24 5175/5205/5170/5140 CALL/PUT @16.90 LMT @9:35
limit $15.20
Stop limit 19.90/20.25
- davidm501 7:44 am on Friday, March 8, 2024
  
  Just as I was considering dropping my profit target my limit was hit. out at 10%, bumped my size to 2 contracts. Might have stayed in, but my employer-who has around 300,000 US based employees-sent the SSA a form without my SSN. Unbelieveable. Kills my day off as I need to get on the phone or I might not get those checks started when planned. 😦
Jeff 7:37 am on Friday, March 8, 2024

10% hit at 7:35. Still holding.

For the 20-winged, 10% not yet hit. This trade will lag on hitting targets, so question is whether the reduced risk offsets that lag.
- Jeff 7:42 am on Friday, March 8, 2024
  
  Closed for 14.80, so +2.55 or 14.7%. Looks like I caught the bottom for once, at least for now.
  
  10% on the 20-winged hit at about the same time, so 1.40 in paper profit.
  - Jeff 12:45 pm on Friday, March 8, 2024
    
    I notice that yesterday (Thursday) was the only day that the 10% target was not hit at all, out of 23 days of trading this so far.
    - davidm501 10:13 am on Sunday, March 10, 2024
      
      That said, if I had taken the full loss on Thursday instead of dropping my target and getting out @ 7.5% I would be back to break even after 13 days of trading with only 1 other loss. I am of course questioning the rules I am working on but so far so good.
geewhiz112 8:28 am on Friday, March 8, 2024

STO 3/8 5140/5160/5180 Iron fly at 15.20
BTC 3/8 5140/5160/5180 Iron fly at 13.72 10% of max profit

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