SPX 0-dte trades 7/18/24

#SPX0dte So after two days out of three with the long trade doing nicely and the short one doing poorly, I decided to only buy the hedge long condor last night and wait for morning for the short.

Last night, bought to open $SPX July 18th 5500/5520-5670/5690 condors for 1.05, deltas -.05 +.05.

This was pretty wide and a nice condor to SELL, or even a strike or two tighter in. Sure enough it is down to about .60 now. But still there for a hedge in case we get a big bounce or collapse. Looking to enter ATM after the open, unless we swing wildly from 8:30 data.