Jeff 5:24 am on Wednesday, April 17, 2024
Tags: spx0dte ( 421 )

SPX 0-dte trades 4/17/24

#SPX0dte Sold to Open $SPX Apr 17th 4970/4990-5135/5155 condors for 1.35, IV 30.1%, deltas -.06 +.06

Jeff 8:55 am on Wednesday, April 17, 2024

Closed put side for 1.25. Stop was not hit but the nature of this downdraft is uncomfy (large red bars, small green ones). I may sell an aggressive call spread
- Jeff 9:07 am on Wednesday, April 17, 2024
  
  Damn, barely missed my fill on a call spread before this last step down. My stop is now hit so I’m glad i made the exit
  - Jeff 10:34 am on Wednesday, April 17, 2024
    
    Since I missed my earlier fill I decided to not risk selling a call spread on the chances that this bounce will be in earnest. Instead I bought the 4985/4970 put spread for .45. First half ordered to fill at 2.00, and if that happens I will watch for a second exit. It’s probably a long shot but this way my risk is small and limited.
- davidm501 10:16 am on Wednesday, April 17, 2024
  
  I’ll save you the gorey details but I took a beating on one of these today. I am going to take a bit of time to sit back and watch. Will likely hold off on any day trades for a couple weeks.
  - Jeff 6:11 am on Thursday, April 18, 2024
    
    Did you try the 6-delta condor or your typical ATM one?
    - davidm501 6:29 am on Thursday, April 18, 2024
      
      6 delta at the open
      4990/5010/5140/5160
      - davidm501 6:30 am on Thursday, April 18, 2024
        
        But is was at the money at the open. Yours was in a better place.

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