Jeff 5:59 am on Monday, October 28, 2024
Tags: protectprofits ( 12 ), spx0dte ( 421 )

SPX 0-dte trades for 10/28/24

#SPX0dte Sold to Open $SPX Oct 28th 5750/5770-5880/5900 condors for 1.10, IV 19.10%, deltas -.07 +.05

Deltas seem a bit off again… despite the delta put being 2 pts higher than the call, the premium I’m getting from the call side is twice as much as the put side.

#protectprofits

Jeff 6:32 am on Monday, October 28, 2024

Deltas seem to make more sense after the open. The futures are now lower than when I opened the trade, and yet the call delta has gone UP to +.06 and put dropped to -.05.
- Jeff 6:53 am on Monday, October 28, 2024
  
  Sold 5805/5835-5840/5870 condors for 15.60, IV 19.39%
  - Jeff 7:38 am on Monday, October 28, 2024
    
    10% hit but since we are nicely centered I will push for a bit more. Sideways Mondays are my new favorite thing.
    - Jeff 7:59 am on Monday, October 28, 2024
      
      Closed for 12.80, just shy of 18%
      - Jeff 9:03 am on Monday, October 28, 2024
        
        I continued tracking the trade with my narrowing stops. The lowest I could have gotten was probably 11.40. Stop was just hit and I could have exited for the same amount that I already did, 12.80.
Jeff 10:24 am on Monday, October 28, 2024

Closed 5765/5745 put side for .10, safeguard against another afternoon plunge #protectprofits