Jeff 5:26 am on Monday, April 22, 2024
Tags: SPX1dte ( 1,714 )

SPX 0-dte trades 4/22/24

#SPX1dte Sold to Open $SPX Apr 22nd 4905/4925-5050/5070 condors for 1.30, IV 26.35%, deltas -.07 +.06

Jeff 6:55 am on Monday, April 22, 2024

ADDING: Sold Apr 22nd 4960/4990-4995/5025 condors for 18.10, IV 25.64%, at 9:53

Dipping back into the tight condors and things seem calmer today with no economic events. Going for 10% only, order in to close for 16.20.

(edit, going for 16.20, not 17.20)
- Jeff 8:05 am on Monday, April 22, 2024
  
  Closed for 17.80. I’m not ready to take losses on tight condors until I see volatility lower. So when we started to dip I set mental stop at 4975. Once we breached that I backed out with tiny profit. Leaving the wide condor to expire or close cheap.
  - Jeff 8:45 am on Monday, April 22, 2024
    
    Trade would have made the 10% less than 30 minutes later, had I clinched fists through about a dollar of red. That’s fine… in this market I’m only looking for an easy win on this trade. I’m letting the wide condors do the legwork.
- Jeff 11:40 am on Monday, April 22, 2024
  
  Stopped out of call side for 1.235. Did NOT expect this bounce today… thought it might happen later in week after earnings releases. So I missed my chance to close for .10 or .05 earlier. Gotta keep the early closings going at least until Downside Warning cancels.
  - Jeff 11:42 am on Monday, April 22, 2024
    
    Sold 5000/4980 put spreads for .60. Stop point currently at 5013.75
    - Jeff 12:56 pm on Monday, April 22, 2024
      
      Closed 5000 puts for .10.

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