Jeff 5:34 am on Wednesday, August 7, 2024
Tags: spx0dte ( 421 )

SPX 0-dte trades 8/7/24

#SPX0dte Sold to Open $SPX Aug 7th 5150/5170-5370/5390 condors for 1.70, IV 38.77%, deltas -.06 +.06

Jeff 7:06 am on Wednesday, August 7, 2024

Stop already hit… then a pullback so out of call side for 1.75, only .05 loss. Really didn’t think we’d see another day of such strength. Maybe we fall from here? There’s even a chance the Downside Warning gets canceled today if we stay strong.
- Jeff 8:36 am on Wednesday, August 7, 2024
  
  Sold to Open $SPX Aug 7th 5285/5315-5320/5350 condors for 19.35, IV 35.17%
  - Jeff 9:07 am on Wednesday, August 7, 2024
    
    Wow, bad timing. Stopped for 21.75. Profits wiped out, small loss on the week.
- Jeff 11:28 am on Wednesday, August 7, 2024
  
  Closed 5170/5150 put side for .80. Made the foolish error of removing my order to close for .10, which would have filled easily at the highs. Never wise to expect one side to expire in a volatile market. So I got whipsawed but not badly.

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