Jeff 6:53 am on Friday, April 4, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 4/4/25

#SPX0dte Sold to Open $SPX Apr 4th 5010/5030-5410/5430 condors for 1.50, IV 85.13%, deltas -.06 +.07

Jeff 7:52 am on Friday, April 4, 2025

Stopped for 3.00. Wow this is plunging… sucks that I didn’t get out like yesterday but thought I’d have some more time. The expected move jumped fro 81 to 92 in about 3 minutes. And of course, it looks like I exited at the very bottom (so far)
- Jeff 7:54 am on Friday, April 4, 2025
  
  Damn I really got slammed. 3 minutes after this exit I could have gotten out for breakeven.
  - Jeff 9:50 am on Friday, April 4, 2025
    
    Sold 4980/5000-5265/5285 condors for 1.35, IV 77.88%, deltas -.06 +.06
    
    Round two which worked yesterday (although I didn’t post it). And yes, there’s a 4-handle in one of my trades.
    - Jeff 11:33 am on Friday, April 4, 2025
      
      closed call side for .10, only a few minutes after I was worried about it. My puts did not close for .10 at the highs… do I need to worry about dropping another 100 points before the close?
      - Jeff 11:44 am on Friday, April 4, 2025
        
        Bailed for 1.40, had to chase. This could be super ugly close.

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