SPX

STO Jul-25-24 5400/5400/5360/5440 Iron Butterfly @ 26.6

SPX trades 7/25/24

#SPX0dte Sold to Open $SPX July 25th 5330/5350-5500/5520 condors for 1.35, IV 29.61%, deltas -.06 +.07

A 150-pt spread and now that data caused only minor movement we might have a quieter day than yesterday.

I didn’t post yesterday because I was experimenting with a bearish bias. I lost a bit with an overnight short condor, fortunately getting a little bump higher at the open that allowed me to get out. Then I BOUGHT the ATM tight condor for 18.50, and later closed it for 22.50. Could have let it expire and gotten 30. I also made a couple more bucks by buying a put spread with 25 minutes before close and cashing out at expiration. A good day but a bit haphazard and off-plan. More often lately, buying rather than selling is the safer bet.