Jeff 6:51 am on Monday, March 10, 2025
Tags: RiskReversal ( 86 ), spx0dte ( 421 )

SPX 0-dte trades for 3/10/25

#SPX0dte #riskreversal
Sold $SPX Mar 10th 5810/5830 call spreads, delta +.06
Bought SPX Mar 10th 5565/5545 put spreads, delta -.05
Net CREDIT +.20

Jeff 8:38 am on Monday, March 10, 2025

Bailed for .20 credit, so +.40 on the trade. Was looking for a lower low than we got.
- Jeff 8:44 am on Monday, March 10, 2025
  
  …and right before the drop I was waiting for.
  - Jeff 9:45 am on Monday, March 10, 2025
    
    Sold 5550/5570-5740/5760 condors for 1.54, IV 46.31%, deltas -.07 +.06
    - Jeff 10:12 am on Monday, March 10, 2025
      
      Bailed on put side for 1.45. Was trying to get out for less but ended up chasing.
      - Jeff 12:07 pm on Monday, March 10, 2025
        
        Damn, timing is the tough part. I have tried Risk Reversals 4 times in 6 trading days. My first one got a modest profit, then two small losses and one small win (today). Had I waited until end of day to place it, it would have been a quick winner.
        
        hcgdavis 1:30 pm on Monday, March 10, 2025
        
        Timing is the hardest part. Unless you are going to sit at computer all day and day trade most people get chopped up.

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