Jeff 5:47 am on Thursday, May 9, 2024
Tags: RiskReversal ( 86 ), spx0dte ( 421 )

SPX 0-dte trades 5/9/24

#SPX0dte Sold to Open $SPX May 9th 5155/5185-5190/5220 condors for 13.829, IV 16.03%, at 8:46 ET

Jeff 7:15 am on Thursday, May 9, 2024

Closed for 13.40. It got within .15 of my 12.35 target when SPX crossed by center point, but this market wants to go higher and I wasn’t comfortable hoping for the pullback… which of course came as soon as exited! I will probably sell something else.
- Jeff 7:45 am on Thursday, May 9, 2024
  
  On the last dips before this spike higher, my target of 12.35 probably wouldn’t have filled, although I think 12.45 would have. This trade is still tough given that we just came out of the Downside Warning so upside risk is prevalent.
Jeff 7:33 am on Thursday, May 9, 2024

Sold HALF of my long $SPX May 10th 5240/5260 call spreads for 1.00. I don’t expect to get much more for the second half but I’ll be trying to pick a high today. I don’t think I will be holding overnight. This is from #RiskReversal entered on Monday.
- Jeff 11:50 am on Thursday, May 9, 2024
  
  Sold second half for 1.60, so 1.30 avg… with .10 credit on entry, and -.30 to close the put side, profit on trade is 1.10. Still holding another R/R for Tuesday expiry, currently +2.35 in the black.

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