Jeff 5:55 am on Thursday, July 3, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 7/3/25

#SPX0dte Sold to Open $SPX July 3rd 6170/6190-6270/6290 condors for 1.15, IV 14.72%, deltas -.08 +.07

geewhiz112 6:11 am on Thursday, July 3, 2025

Nice back splash.
Jeff 6:42 am on Thursday, July 3, 2025

Stopped for 3.20 on call side. Let’s not mince words. This was awful trading. Tanked my week on the last day yet again. I need to stop trading so blindly every time (neutrally) and read the tea leaves. This morning on the pullback after jobs data was a perfect place to get long call side. Instead, my stop was hit on the first minute of the day, and I got crushed by no pullback coming… that is, of course, until AFTER I exit badly. The Upside Warning has provided ample signal to try some long trades and avoid short call spreads. I didn’t heed it.

I’m still in profit but will likely try something to gain back some of that loss.
- Jeff 9:50 am on Thursday, July 3, 2025
  
  Made most of my loss back with a tight condor and 20-point wings near the close…. with 51 minutes remaining sold 6260/6280-6285/6305 condors for 4.60. Closed for 3.00 with 16 minutes remaining. I’ve been modeling these with 1.00 trail stops and they seem pretty decent, given the protection the stop provides from getting blown out. This one I decided to close rather than wait out, since we so often have big moves in last 15 minutes lately. But often these can expire at or close to zero, with stop-out still leaving you well into profit.
  - Jeff 9:52 am on Thursday, July 3, 2025
    
    Had I left this, it would have stopped out probably for about 3.90.

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