Jeff 5:34 am on Tuesday, April 16, 2024
Tags: spx0dte ( 421 ), SPX1dte ( 1,714 )

SPX 0-dte for 4/16/24

#SPX0dte Sold to Open $SPX 4955/4975-5140/5160 condors for 1.30, IV 34%, deltas -.05 +.07

davidm501 5:55 am on Tuesday, April 16, 2024

A couple questions:Do you set hard stops for these or just keep an eye on them? Do you normally close winners out or allow them to expire?
- Jeff 9:34 am on Tuesday, April 16, 2024
  
  I never used hard stops, monitor and try to exit favorably if stop level hit. I will close winners before expiration based on perceived threat level. I am trying to close put side before 1pm today, since we have Powell speaking.
  - davidm501 11:18 am on Tuesday, April 16, 2024
    
    Thank you.
    Are the parameters that you use for these trades available on thi ssite somewhere? I know the payout is no-where hear as much as the the 30 wide ICs but it certainly seems that these would be easier easier on the nerves.
    - Jeff 11:21 am on Tuesday, April 16, 2024
      
      I ran this for a few years under hashtag #SPX1dte. Used to put them on at previous day’s close but by mid last year it was almost always morning in pre-market. Basically look at the 6-delta as the short on both sides.
      - danjen0210 12:39 pm on Tuesday, April 16, 2024
        
        By following your hashtag #SPX1dte, I made $17K profit back in 2022.
        Thank you for your post/sharing, Jeff.
        
        davidm501 5:23 am on Wednesday, April 17, 2024
        
        That is encouraging.
Jeff 10:08 am on Tuesday, April 16, 2024

Closed put side for .30.
- Jeff 10:10 am on Tuesday, April 16, 2024
  
  IV has increased from 34% when I entered trade in premarket to 41% now before Powell speech. But premium on the trade dropped quite a bit.
  - Jeff 10:45 am on Tuesday, April 16, 2024
    
    Closed call side for .05. It would be wild if this got threatened, but you never know when things are volatile.

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