Jeff 7:05 am on Friday, March 22, 2024
Tags: spx0dte ( 421 )

SPX o-dte 3/22/24

#SPX0dte Sold to Open $SPX Mar 22nd 5210/5240-5245/5275 condors for 13.05, IV 15.67%, at 9:36 ET

Premium was dropping rapidly as I tried to sell this.

Jeff 7:32 am on Friday, March 22, 2024

10% hit at 10:31 ET. We are 5-points below my center line… I’m going to wait until we raise back to there and close then.
- Jeff 8:11 am on Friday, March 22, 2024
  
  10% hit on 20-winged test trade 40 minutes later
  - Jeff 8:46 am on Friday, March 22, 2024
    
    Closed for 10.85, so 2.20 profit. I pushed it today to eek out a profitable week… +1.15.
    
    Monday should have been a winner but I set my stop too low; Tuesday should have been a winner but I let it ride too long. These are mistakes I hope to avoid in future. Today, after hitting my 10%, we did drop further and I went into the red about 50 cents. But the nature of drop had me confident there would be a bounce, so I held fast. Tuesday I feel I should have taken between 5% and 9% when the index showed its hand that it wanted to go higher.

Leave a Reply Cancel reply

s: search
c: compose new post
r: reply
e: edit
t: go to top
j: go to the next post or comment
k: go to the previous post or comment
o: toggle comment visibility
esc: cancel edit post or comment