Jeff 6:04 am on Monday, February 3, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 2/3/25

#SPX0dte Sold to Open $SPX Feb 3rd 5845/5865-6065/6085 condord for 1.35, IV 33.33%, deltas -.06 +.05

Jeff 7:20 am on Monday, February 3, 2025

Closed call side for .10. The deltas definitely moved heavily toward downside at the open. Probably need to switch back to waiting for open on volatile days. Or, selling premarket in direction market moving away from, and wait for open to sell in direction overnight moved toward.
- Jeff 7:28 am on Monday, February 3, 2025
  
  ….and just like that, everything changed.
  - Jeff 7:58 am on Monday, February 3, 2025
    
    Closed put side for .15
Jeff 10:33 am on Monday, February 3, 2025

Sold 5965/5995-6000/6030 condors for 17.15, IV 31.96%. Looking for just 5% or so.
- Jeff 10:42 am on Monday, February 3, 2025
  
  Already bailed for 16.90… this market is super sensitive right now, so even though this premium could drop precipitously at any moment, the index could also fly away 30 or 40 points on any breaking news. We have only 2 hours 20 minutes left in trading and the ATM premium is still 17.00. That’s crazy high, so I shouldn’t have risked this.

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