Jeff 5:39 am on Thursday, September 26, 2024
Tags: protectprofits ( 12 ), spx0dte ( 421 )

SPX 0-dte trades for 9/26/24

#SPX0dte Sold to Open $SPX Sept 26th 5675/5695-5800/5820 condors for 1.40, IV 17.42%, deltas -.08 +.06. First time with strikes over 5800

#protectprofits

Jeff 6:15 am on Thursday, September 26, 2024

These deltas aren’t working like they used to. The call side is much too close to the money so I’m going to back out of the call side before the open.
- Jeff 6:24 am on Thursday, September 26, 2024
  
  Closed call side for 1.25. When I opened this the effective price of SPX was about 5768. Expected move was over 23.00, meaning I was less than 9 points away from my stop point. So why was the 5800 strike only a 6 delta?
Jeff 7:06 am on Thursday, September 26, 2024

Sold 5725/5755-5760/5790 condors for 13.90, IV 17.07%
- Jeff 8:04 am on Thursday, September 26, 2024
  
  STOPPED for 17.50. So frustrating. Almost wipes out my week and now in danger of losing on the put side of wide condor after cutting that profit from call side. These late-in-week losses are such killers. Was planning to take Friday off, now I need to attempt to recoup today’s losses.
  - Jeff 8:07 am on Thursday, September 26, 2024
    
    I came within 30 cents of my fill for 10%. New rule: On a week where profits are strong, if a Thursday or Friday trade is trending toward loss territory, as the downward trajectory started to show right after I entered this one, I need to settle for smaller profit when it becomes available.
    
    This downward move happened yesterday too but it waited until after I got 15% profit. Had I waited until the close I would have made 2.44 less.
  - geewhiz112 8:48 am on Thursday, September 26, 2024
    
    Nasdaq futures up 288 this morning. Now at 45. That’s quite a lot of volatility.
Jeff 8:45 am on Thursday, September 26, 2024

Closed 5695/5675 puts for .35, to #protectprofits

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