Jeff 5:27 am on Wednesday, May 29, 2024
Tags: RiskReversal ( 86 ), spx0dte ( 421 )

SPX 0-dte 5/29/24

#SPX0dte Sold to Open $SPX May 29th 5245/5275-5280/5310 condors for 15.80, IV 17.88%, at 8:26 ET

Jeff 5:32 am on Wednesday, May 29, 2024

Yesterday I paid .80 to close the entire May 31st #RiskReversal. The dip in the afternoon indicated this was too risky with short put at 5200. My R/R that expires today is too far OTM on both sides to be a risk or a reward.
Jeff 6:11 am on Wednesday, May 29, 2024

Closed for 16.20. Not comfortable with the drop that started after I sold this. Will look for opportunities after the open, but Upside Warning could end today if market keeps dropping.
- Jeff 6:52 am on Wednesday, May 29, 2024
  
  10% would have hit at 6:51.

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