Jeff 6:01 am on Monday, March 3, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 3/3/25

#SPX0dte Sold to Open $SPX Mar 3rd 5845/5865-6040/6060 condors for 1.30, IV 30.13%, deltas -.06 +.05

Jeff 7:32 am on Monday, March 3, 2025

My trade has survived after a white-knuckle first hour. Licking my wounds after a disappointing two-week loss streak. Stepping more cautiously now until market calms back down. Kicking myself for not buying some cheap calls midday Friday when we were at the lows, 120 points below where the close would be. As it was, I placed no trade on Friday at all.
Jeff 8:29 am on Monday, March 3, 2025

Closed call side for .10
- Jeff 9:08 am on Monday, March 3, 2025
  
  Closed put side for .40. Now flat. Can’t trust this market enough to wait for a .10 close.
  - Jeff 10:22 am on Monday, March 3, 2025
    
    Since we may be at lows of day I bought 6000/6015 call spreads for .15. This will work should we get another final hour rally. Doubtful… but swings have been dramatic in last couple weeks.
  - Jeff 10:39 am on Monday, March 3, 2025
    
    Stop on put side is now hit, going for 3.30 now. Glad I got out at .40. Down is the direction I should have bought a spread in at the time I closed it.
    - Jeff 2:12 pm on Monday, March 3, 2025
      
      Ok, so now we have a Downside Warning. If recent behavior is a sign, maybe today was the low. Or, maybe we’ve just started a bigger correction.