Jeff 5:28 am on Friday, May 17, 2024
Tags: spx0dte ( 421 )

SPX 0-dte 5/17/24

#SPX0dte Sold to Open $SPX May 17th 5270/5300-5305/5335 condors for 14.15, IV 15.86%, at 8:27 ET

Jeff 6:40 am on Friday, May 17, 2024

10% hit at 9:38, trying for a bit more
- Jeff 6:46 am on Friday, May 17, 2024
  
  With drop continuing, lowered my bid back to 10%, closed for 12.60
matt0311 6:43 am on Friday, May 17, 2024

I had followed you and took a quick 10% at 6 minutes after open. Looking for a second trade.

Jeff, wanted to ask you about the fees, how much do you have to pay?
- Jeff 7:26 am on Friday, May 17, 2024
  
  1.29 per option on orders with more than 1-lot. For 1-lots it is 1.64 per option. It can be slightly less if the option price is cheap, like under .50
- matt0311 7:39 am on Friday, May 17, 2024
  
  Went a little wider and collected 7.05 : 5265/5295/5310/5340. at 7:25 PST
Jeff 7:12 am on Friday, May 17, 2024

Sold May 17th 5265/5295-5300/5330 condors for 11.50, IV 14.77%
- Jeff 7:56 am on Friday, May 17, 2024
  
  Closed for 10.00, so 13.6%.
- Jeff 8:27 am on Friday, May 17, 2024
  
  Sold the last one again for 8.85, IV 13.49%, at 11:26 ET
  - Jeff 9:27 am on Friday, May 17, 2024
    
    Closed for 7.50. That’ll be enough of pushing my luck today.
    
    +6.23 profit this week, and since I was flat after Wednesday that was made all in the last two days, mostly with the triple shot today. This seems to be prime time for selling these ATM tight condors; after the surge higher from the DW being canceled and the UpW having its initial run… then things settle down and we move sideways/slightly higher.

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