Jeff 8:21 pm on Monday, July 15, 2024
Tags: spx0dte ( 421 )

SPX o-dte trades for 7/16/24

#SPX0dte Sold to Open $SPX July 16th 5610/5640-5645/5675 condors for 17.40, IV 13.14%, at 11:12 p ET

Also buying: 5560/5580-5690/5710 for 1.00 or 1.05 (not filled yet), deltas -.05 +.05

Jeff 5:52 am on Tuesday, July 16, 2024

10% hit about 38 minutes before the open. Gonna let it ride a bit.
- Jeff 8:20 am on Tuesday, July 16, 2024
  
  Stopped out for 16.50, so +.95 profit. I say “stopped” because at the peak my stop level was hit, which is my expiration breakeven point. I’ll look to sell long call spread if we exceed the intraday high
  
  Some thoughts… when I get 10% before the open I need to take it. When I started this strategy months ago it seems that the open would deflate premium quickly. But lately, it does the opposite… the open seems to ADD a dollar of premium. So 10% before open? Take it, and then potentially sell a new one after the open. Also, premium got as low as 14.20 today, and the strength of the Dow today was my signal not to wait for more. SPX was lagging but was likely to run higher given the Dow’s strength.
  - Jeff 11:24 am on Tuesday, July 16, 2024
    
    Divergence today is wild. SPX just consolidating and Dow and RUT flying high

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