Jeff 5:27 am on Tuesday, June 11, 2024
Tags: spx0dte ( 111 )

SPX 0-dte trades 6/11/24

#SPX0dte Sold to Open $SPX Jun 11th 5315/5345-5350/5380 condors for 14.15, IV 15.71%, at 8:26 ET

Jeff 7:01 am on Tuesday, June 11, 2024

Stopped out for 16.50. So much for a quiet Monday/Tuesday before BIG WEDNESDAY. (Bonus points if you can name the star of that movie from the 70’s)
- geewhiz112 7:09 am on Tuesday, June 11, 2024
  
  Jan Michael Vincent and Gary Busey
- Jeff 7:20 am on Tuesday, June 11, 2024
  
  Of course I exited on the beginning of the bounce… but it seems most common that if I decide to push it, the bounce is very shallow and we go lower and I end up paying dearly. When I exit responsibly, it bounces earnestly and I would have been fine.
  
  I am using a “double” stop, using twice my profit goal as a stop. I was going for 1.45 today so stop was 2.90. Once the spread hit over 17.00, I looked to exit on a small bounce. Before I was filled, the spread got as high as 18.50.
  
  This sets me flat for the week. I had not planned on trading at all tomorrow or more today. Now that I am flat after this loss, I may consider something.

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