Jeff 5:20 am on Monday, July 1, 2024
Tags: spx0dte ( 421 )

SPX 0-dte trades 7/1

#SPX0dte Sold to Open $SPX July 1st 5445/5475-5480/5510 condors for 16.05, IV 13.25%, at 12:26am

Jeff 5:29 am on Monday, July 1, 2024

Trade is nicely centered an hour before the open, at 14.75. At the overnight lows the trade got up to 17.20, so 1.15 in the hole for the 15-point move. Pretty resilient. I’m going to keep holding since no key data until 9:45am ET.

Also I should note IV is up to 17.12%. I think the IV is maybe a bit meaningless when measured overnight, as it often rises to its highest around the open and can be much lower the day and night before. It is mainly useful as a comparison between different days, as opposed to different times within a day.
- Jeff 7:01 am on Monday, July 1, 2024
  
  10% hit at 10:01 after data release. Holding out for more today.
  - Jeff 9:11 am on Monday, July 1, 2024
    
    Closed for 13.50, or about 15%. White knuckled through a $4 loss on the high probability that we would bounce. Was actually adjusting my order to get more but it filled before I could Transmit.

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