Jeff 6:01 am on Monday, June 2, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 6/2/25

#SPX0dte Sold to Open $SPX June 2nd 5785/5805-5955/5975 condors for 1.40, IV 28.03%, deltas -.06 +.08

Jeff 6:05 am on Monday, June 2, 2025

Sold to Open 5830/5850-5940/5960 condors for 4.25, IV 28.02%, deltas -.18 +.15

Data coming at 9:45 and 10 so I will be watching closely. Also will try to be flat before Powell speaks at 1pm.
- Jeff 6:55 am on Monday, June 2, 2025
  
  20d stopped for 3.85. Lost over a dollar of profit on the drop. Was looking to exit at $2, but 1.50 was the max I could have taken. Given that only one day out of 5 hit the $2 profit mark before the stop out, I will likely stop waiting for the stop as long as the tariff volatility continues. I will look to exit after $1 profit level reached.
Jeff 7:04 am on Monday, June 2, 2025

Bailed on 5805/5785 put side for 1.20. Third week in a row where first trading day of the week didn’t work. However, today could have gotten $1.50 for 20d and could have exited this put side for .25 at the morning highs. As it is, the profit for the day is gonna be only +.50
- Jeff 7:35 am on Monday, June 2, 2025
  
  Today reflects my recently adopted aversion to risk. In the past I would have white-knuckled this morning’s dip on both trades. But the last few months have been very difficult and torpedoed the profits I made in Jan & Feb. Stop levels would get hit often, and tariff news would lead to incredibly fast and high spikes. So for the time being, I’m avoiding losses on any day, preferring to just breakeven rather than risk larger losses. This is working so far; last week was strong, week before that was also profitable but I hadn’t gone live with 20d yet so it would have also been strong. Today would have been very good had I waited but until the tariff volatility is behind us, I’m remaining defensive.
- Jeff 7:39 am on Monday, June 2, 2025
  
  Never mind that +.50… closed call side for .30… too much bounce for the .10 order to fill. Pretty much breakeven day after commissions.