Jeff 6:08 am on Friday, October 4, 2024
Tags: spx0dte ( 421 )

SPX 0-dte trades for 10/4/24

#SPX0dte Sold to Open $SPX Oct 4th 5635/5655-5800/5820 condors for 1.35, IV 26.95%, deltas -.08 +.05

I waited for the first red candle after the Jobs report on the 5-min futures chart. Took 35 minutes.

Jeff 9:02 am on Friday, October 4, 2024

Sold 5685/5715-5720/5750 for 17.00, IV 24.29%
- Jeff 10:05 am on Friday, October 4, 2024
  
  Bailed for 16.90. Stop not hit but we may have trouble dropping much from here. May look to recenter and enter another.
- Jeff 10:21 am on Friday, October 4, 2024
  
  Sold 5700/5730-5735/5765 condors for 13.70
  - Jeff 10:41 am on Friday, October 4, 2024
    
    Stopped for 13.20. Should have stayed with the first one! Regardless, I’m done with the whipsaw week. I came back from a seven dollar deficit to having a small profit. After commissions, probably breakeven. Looking back my mistake was over trading on Tuesday. After the sharp drop at the open I was stopped out of my wide condor, but still profitable on week. I should have walked away from the volatility and waited for the next day.

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