Jeff 6:02 am on Monday, June 23, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 6/23/25

#SPX0dte Sold to Open $SPX Jun 23rd 5880/5900-6030/6050 for 1.15, IV 23.24%, deltas -.06 +.06

matt0311 6:23 am on Monday, June 23, 2025

How did the two types of trades, your usual 6 Delta vs the 20 Delta go during your test two week?
Thanks
- Jeff 7:33 am on Monday, June 23, 2025
  
  For one test week and four live weeks, it has been successful. One of those weeks was a small loss, but the other 4 were moderate to decent wins. Of course, the test week was the most successful of all of them! Today I made my first major blunder by removing a trail stop on the 20d then not being aggressive on the manual closing.
  
  In the period since (and including) the test week, the 20-delta have performed better. And that’s mainly due to the test week being so strong.
Jeff 6:26 am on Monday, June 23, 2025

Sold 5915/5935-6010/6035 condors for 3.75, IV 22.72%, deltas uncertain… trying to center these but also wary of upside as that premium can escalate quickly.
- Jeff 6:32 am on Monday, June 23, 2025
  
  That turned out to be badly below center… but will survive if we don’t dip too low in the first 30 minutes. I gotta find a better way to get decent delta readings premarket.
  - Jeff 7:12 am on Monday, June 23, 2025
    
    Disaster strikes… stopped on both trades, but my attempt to manually exit the 20d and not use the trail stop screwed me, exiting for 7.00. My $1 trail stop would have closed for about 4.60. Won’t make that mistake again. Call side of wide condor stopped for 1.55. Honeymoon for new strategy is over, but as is often the case it is due to a bad decision to waver from rules.
    - Jeff 9:44 am on Monday, June 23, 2025
      
      As if to add insult to injury, the put side never closed for my .10 order, and was just threatened, gettiing almost as high as 2.00. I closed for .35 on this bounce.

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