Jeff 5:40 am on Monday, March 11, 2024
Tags: spx0dte ( 421 )

SPX 0-dte 3/11/24

#SPX0dte Sold to Open $SPX Mar 11th 5070/5100-5105/5135 condors for 18.80, IV 23.39%

20-winged test at 14.50

This is high IV and high premium for a day with nothing major scheduled. $VIX is up as well. CPI report tomorrow morning.

davidm501 6:48 am on Monday, March 11, 2024

Sold 5110/5140/5105/5075 CALL/PUT @17.40 LMT @9:34
Bracket order to exit: limit 15.20, stop limit @19.95/20.30
Jeff 6:55 am on Monday, March 11, 2024

10% hit at 6:55a, for the live trade but not yet for the test trade.
- Jeff 7:10 am on Monday, March 11, 2024
  
  Closed for 16.70, so +2.10.
  
  Test trade has only managed about 1.00 to 1.10 profit, with 1.45 needed for 10%.
  - davidm501 7:25 am on Monday, March 11, 2024
    
    Screwed up my initial post and my closing orders.
    Sold 5110/5140/5105/5075 CALL/PUT @17.40 LMT @9:34
    Bracket order to exit: limit 15.65, stop limit @20.50/20.80
    - davidm501 7:37 am on Monday, March 11, 2024
      
      Out @ 15.65, 10% gain @10.33
  - Jeff 7:36 am on Monday, March 11, 2024
    
    10% hit on test trade as we rose back toward the center. This alternate reduces risk at the expense of a small reduction in 10% profit and also a higher loss rate. I’m going to keep testing but my guess is that if you are able to be present and manage exits, the 30-wide will have higher W/L ratio. If you want to risk going later in the day for higher than 10-20%, the 20-wide has lower max-loss risk.
geewhiz112 9:03 am on Monday, March 11, 2024

#spx0dte

$SPX STO 3/11 5105/5125/5145 Iron fly at 15.25 at 9:45

$SPX BTC 3/11 5105/5125/5145 Iron fly at 13.20 at 11:45 13% of max profit

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