Jeff 5:21 am on Monday, October 7, 2024
Tags: protectprofits ( 12 ), spx0dte ( 421 )

SPX 0-dte trades for 10/7/24

#SPX0dte Sold to Open $SPX Oct 7th 5640/5660-5790/5810 condors for 1.10, IV 22.90%, deltas -.06 +.05

#protectprofits

Jeff 6:36 am on Monday, October 7, 2024

Sold 5700/5730-5735/5765 condors for 17.90, IV 22.74%.
- Jeff 7:14 am on Monday, October 7, 2024
  
  10% hit already but I’m gonna push it today. Mondays have been low range lately, and with virtually no econ data today there’s a good shot at no major moves. I am narrowing my stops.
- geewhiz112 9:41 am on Monday, October 7, 2024
  
  In at 16.60 Out at 12. 28% of max. Thank you @jeffcp66
  - Jeff 9:47 am on Monday, October 7, 2024
    
    Out for 12.70, so +5.20 profit. Starting to look a bit weak but mainly getting out of the way of Fed Member speaking at top of hour.
    - Jeff 11:55 am on Monday, October 7, 2024
      
      Surprise drop, I guess due to volatility in bonds? Had I stuck with the trade, my narrowing stop strategy would have hit the stop around 13:50, and I would have closed for less than 11.00.
Jeff 12:02 pm on Monday, October 7, 2024

Stop not hit (yet), but closed 5660/5640 put side for .45 #protectprofits

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