Jeff 6:33 am on Wednesday, November 27, 2024
Tags: spx0dte ( 421 )

SPX 0-dte trades for 11/27/24

#SPX0dte Filled on the open: $SPX Nov 27th 5950/5970-6055/6075 condors for 1.05, deltas -.08 +.05, IV 16.34%.

Filled right after bell, but then premium quickly went up to 1.25 on the first dip, then quickly retracted back to 1.05.

Jeff 7:27 am on Wednesday, November 27, 2024

Sold 5980/6010-6015/6045 condors for 12.50, IV 14.40%
- Jeff 7:42 am on Wednesday, November 27, 2024
  
  Stopped for 13.60. Basically making me flat on day provided wide condor survives.
  
  Intraday swings just won’t subside. After two days of melting higher today we’re taking a dip. Already bounced back into profit while I’m typing this, but I’ve learned the hard way not to dither when stops are hit.
  - Jeff 9:08 am on Wednesday, November 27, 2024
    
    Yesterday TICKs were low and stayed below +600 most of day… but SPX went HIGHER. Today, it’s the opposite. TICKS are high and haven’t touched -600, but we melt lower. What does this divergence mean?
Jeff 9:13 am on Wednesday, November 27, 2024

Stopped on 5970/5950 put side for 1.20. Small loss on this trade, but -1.35 on day.

Maybe we have to wait until after inauguration for swings to stop? The speculation on cabinet picks and tariff talks, combined with continued hand wringing on CPI and FOMC just seems to keep the intraday volatility going. First quarter has been quiet last couple years. Will it be this time around?

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