Jeff 5:59 am on Monday, February 24, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 2/24/25

#SPX0dte Sold to Open $SPX Feb 24th 5935/5955-6090/6110 condors for 1.30, IV 23.24%, deltas -.06 +.06

Jeff 7:01 am on Monday, February 24, 2025

Bailed on put side for 1.75. First we broke below the open, then below the close, then below Friday’s low. Not gonna wait for the stop.
- Jeff 7:18 am on Monday, February 24, 2025
  
  Stop was hit pretty quickly afterward and put spread peaked at over 4.00. Now the bounce has it back down to 1.50.
  
  Bought to Open 5950/5940 put spreads for .80. If we haven’t made the bottom, I’m looking for another day like Friday.
  - Jeff 9:15 am on Monday, February 24, 2025
    
    Sold 5985/6015-6020/6050 condors for 15.00
    - Jeff 9:26 am on Monday, February 24, 2025
      
      Bailed for 15.50. Another example of picking the exact wrong time.
      - Jeff 11:36 am on Monday, February 24, 2025
        
        This morning’s dip down may have been the final salvo by the bears, but tomorrow I’m not going to consider any trades until after the Consumer Confidence number at 10am ET. Three days in a row of downside stop-out warrant a pause on the wide strategy being placed before the open.

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