Jeff 7:23 am on Thursday, December 19, 2024
Tags: spx0dte ( 421 )

SPX 0-dte trades for 12/19/24

#SPX0dte Sold to Open $SPX Dec 19th 5795/5815-5985/6005 condors for .95, IV 34.84% deltas -.07 +.05

The drop from morning highs indicated it may not be a highly directional day.

Jeff 8:28 am on Thursday, December 19, 2024

Closed put side for .25
- Jeff 9:17 am on Thursday, December 19, 2024
  
  Sold to Open 5865/5895-5900/5930 condors for 17.50, IV 29.54%
  - Jeff 9:35 am on Thursday, December 19, 2024
    
    Bailed for 17.40. Didn’t quite reach my stop but I’m running a bit skeered today. Decay started in earnest 90 minutes ago… Could have entered near 20 and been out by 18. But I waited and picked the moment before we broke the morning lows to enter. Oh well. Breakeven after commissions.
    - Jeff 10:42 am on Thursday, December 19, 2024
      
      That trade would have worked, but I think stop would have been hit at the low of the day.
      
      I just reentered same strikes for 15.458 (avg price). Half was filled at 15.85, then index ticked down and had to drop bid to 14.95.
      - Jeff 10:43 am on Thursday, December 19, 2024
        
        And it seems my entry points today are right before consolidation ends and a move starts.
        
        Jeff 11:02 am on Thursday, December 19, 2024
        
        Stopped for 18.00. Back near zero for the week. These trades very difficult here, but I could have (and should have) gotten out for 15.00 right before this last rally started.
        
        Jeff 11:18 am on Thursday, December 19, 2024
        
        ….and 10% is NOW hit. Bad whipsaw

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