Jeff 6:01 am on Wednesday, July 2, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 7/2/25

#SPX0dte Sold to Open $SPX July 2nd 6105/6125-6230/6250 condors for 1.15, IV 18.16%, deltas -.06 +.06

Jeff 6:52 am on Wednesday, July 2, 2025

Missed another good day for the 20d, couldn’t get filled before the open, then backed away after open… just a little too nervous for some reason. But instead I sold a tight condor: 6165/6195-6200/6225 for 14.35 about 13 minutes after the bell. Doing well so far, looking for 10% as long as we don’t get any major spikes.
- Jeff 6:53 am on Wednesday, July 2, 2025
  
  *Note—- this is 30 wide wing on put side but only 25 on call side. This was to avoid overlapping strike with other condor, but it also provides protection from upside moves, which are more sensitive than downside.
  - Jeff 7:14 am on Wednesday, July 2, 2025
    
    Bailed on tight condor for 13.00. Starting to trend upward so I’m good with 9%.
Jeff 7:13 am on Wednesday, July 2, 2025

Closed 6125/6105 put spreads for .10
- Jeff 7:49 am on Wednesday, July 2, 2025
  
  STOPPED on call side for 1.00. Fortunately waited for the pullback, even though we were stair stepping higher. On this strategy, of dozens of stop outs this year, only 4 ended the day in breach. Two of those were only a couple bucks over the line. The other two were pretty far. I have tracked a “no stop” approach and had I run it I would be more profitable on the wide condor strategy. Still, I’m hesitant to change my stop strategy.
  - geewhiz112 8:35 am on Wednesday, July 2, 2025
    
    Smart. A no stop approach will lead to a significant draw down. An experience that is not enjoyable.

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