Jeff 7:03 pm on Tuesday, August 20, 2024
Tags: spx0dte ( 421 )

SPX 0-dte for 8/21/24

#SPX0dte At 9:57p ET, sold to Open $SPX 5510/5530-5650/5670 condors for 1.30, IV 15.39%, deltas -.06 +.06

With overnight moves being minor and premium/width returning to anemic, I’m selling night before to get more juice.

Jeff 7:45 am on Wednesday, August 21, 2024

Stop hit, obviously. It seems that downward revision of a whopping 818,000 jobs from nonfarm payrolls has traders jusy giddy. Such strange times, but I guess traders think this locks in more likelihood for rate reduction. It could mean the FOMC minutes today will power us even higher. I don’t remember seeing a stretch of UP days this strong.

I am not out yet, but this will put me negative on week. I am hoping for an end-of-day opportunity after Minutes are released.
- Jeff 7:49 am on Wednesday, August 21, 2024
  
  So swingy! Managed to avoid a loss and got out of call side for 1.20.
  
  I keep thinking it is too late to get long, but obviously it is not.
  - Jeff 7:53 am on Wednesday, August 21, 2024
    
    Super crazy. Just bought Aug 21st 5660/5675 call spreads for .15.
    - Jeff 8:28 am on Wednesday, August 21, 2024
      
      Closed put side for .15.
Jeff 8:29 am on Wednesday, August 21, 2024

Sold 5580/5610-5615/5645 condors for 15.15, IV 21.20%

There has been enough decay ATM to go for this now, looking for 10%
- Jeff 9:22 am on Wednesday, August 21, 2024
  
  Stopped out for 15.50, small loss, and of course as soon as I exit the bounce comes in strong.
  - Jeff 11:57 am on Wednesday, August 21, 2024
    
    Sold 5585/5615-5620/5650 condors for 10.30 at 11:14 PT. Couldn’t post earlier as I’ve been trying to unwind an issue with one of my accounts. I’m pushing this one… Down to 7.50 so far.
    - Jeff 12:13 pm on Wednesday, August 21, 2024
      
      Closed the strangle (center strikes) for 7.00, about 32%. Still have the longs so will probably get a few cents more, at least for the put side.
      - Jeff 12:17 pm on Wednesday, August 21, 2024
        
        Got .20 for the long puts, so effective exit price of 6.80

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