Jeff 5:34 am on Tuesday, April 2, 2024
Tags: spx0dte ( 421 )

SPX 0-dte 4/2/24

#SPX0dte Sold to Open $SPX Apr 2nd 5190/5220-5225/5245 condors for 14.15, IV 15.43%

Futures trending lower after a day with a decent drop, so this is riskier positioning than last week has been. Also would like to be out by 10a ET to avoid in reaction to JOLT jobs report.

Jeff 6:19 am on Tuesday, April 2, 2024

Damn. I was hoping for just one green bar to get out but it wouldn’t come. My entry time ended up being worst possible as market began a plummet in earnest. Faced with the 9:15am cutoff I had to get out and could not get the slightest bounce, so closed for 18.55, loss of -4.40.

That ends an 8-day streak that benefited from the Upside Warning and low volatility. The choice this morning was whether to wait to see if yesterday’s drop would continue. The pre-market trend made that look possible, but was not dropping sharp enough so I traded.

Will consider something after JOLT report.
- Jeff 7:14 am on Tuesday, April 2, 2024
  
  JOLT is out but movement still too volatile, most likely done for day.
  - davidm501 7:30 am on Tuesday, April 2, 2024
    
    Very busy at the day job today, @9:50 did manage to sneak in SELL -1 IRON CONDOR SPX 100 (Weeklys) 2 APR 24 5195/5225/5190/5160 CALL/PUT @15.30 LMT
    
    out @ 10:22 for 13.80
  - matt0311 7:48 am on Tuesday, April 2, 2024
    
    Opened 5170/5200/5205/5235 for 14.25. @ 7.25 PST. Will be a tight trade
    - matt0311 8:16 am on Tuesday, April 2, 2024
      
      Just closed for 12.75 at 08:15 for about 10% profit.
  - Jeff 8:09 am on Tuesday, April 2, 2024
    
    Ok, at 11:08 ET entered 5155/5185-5190/5220 condors for 12.25, IV 16.51%. Going for just 10%
    - Jeff 8:50 am on Tuesday, April 2, 2024
      
      Closed for 10.90, so +1.35, 11%. Done for today.
- geewhiz112 7:36 am on Tuesday, April 2, 2024
  
  The number of job openings on the last business day of February stood at 8.75 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed 8.74 million (revised from 8.86 million) openings in January and came in slightly above the market expectation of 8.74 million.
  
  “Over the month, the number of hires and total separations were little changed at 5.8 million and 5.6 million, respectively,” the BLS noted in its press release. “Within separations, quits (3.5 million) and layoffs and discharges (1.7 million) changed little.”

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