SPX 0-dte trades for 5/7/25

#SPX0dte I avoided the wide condor due to Fed day, but premiums have been dropping quite normally despite the 2pm announcement coming. The 6-delta condor was going for 1.65 before open and now is down to .85. Could have been a nice trade. I did make 1.50 on this tight condor:

At 9:38, sold to open 5585/5615-5620/5650 condors for 23.50, BTC for 22.00 at 10:50.

These trades have not worked well lately but they are safer when premium gets above 23.00, as 10 or 20 point moves don’t have as large of a negative effect.