Jeff 5:47 am on Tuesday, July 22, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 7/22/25

#SPX0dte Sold to Open $SPX July 22nd 6240/6260-6345/6365 condors for 1.05, IV 14.90%, deltas from IB: -.08 +.06

Jeff 6:53 am on Tuesday, July 22, 2025

I actually intended to sell a 20d as well, but found my self sidetracked before the open. Nopw another big morning move shows it would have been stopped. My other condor may be stopped as well. One of these days these morning moves will sibside, but I guess I have to wait for that to start happening before I can resume normal stratgeies.
- Jeff 6:56 am on Tuesday, July 22, 2025
  
  Stopped on put side for 1.75… was able to wait for a bounce…. really getting sick of being stopped on these when waiting for expiration would be safe. Also closed call side for .10.
  - Jeff 8:42 am on Tuesday, July 22, 2025
    
    Sold to Open 6265/6295-6300/6330 condors for 11.10, IV 14.24%
    - Jeff 9:29 am on Tuesday, July 22, 2025
      
      Trail stop hit, closed for 10.85. Got down to 9.50, so that trail stop stings. But it still isn’t a losing trade.
      - Ramie 10:36 am on Tuesday, July 22, 2025
        
        Nice maneuvering. Tough to stay on the bull for 8 seconds these days.
- matt0311 8:16 am on Tuesday, July 22, 2025
  
  it takes quite long to have the SPX coming into a quieter zone. Today it started around 8:00 AM. if i hadn’t already lost money today, now would be a better time to open one.
  - Jeff 9:15 am on Tuesday, July 22, 2025
    
    Yeah, this is something persistent in recent months. For a good part of 2024, I was able to make best profits in morning then avoid afternoons. Now it seems best to avoid mornings and try things a bit later. I have kept track, and had I allowed all morning wide condors to expire, I would have made an extra $50…. that’s like 45 days of successful trades! By contrast, in 2024 I tracked the same metric and would have LOST an extra $50.
    
    Quite a difference between last year and this year.
    
    I’m considering of changing the stop level to short strike being breached. That would be a 4-7 dollar loss, but it would occur quite rarely while all the rest would expire worthless.
    - Jeff 10:04 am on Tuesday, July 22, 2025
      
      Reentered same strikes for 8.60. Such a shame I missed out on the 2.50 because I was stopped at the dead low. This time I am using a TRAIL LMT order for the first time, with zero offset, meaning that I won’t suffer the 20 to 30 cents of slippage that occurs with the TRAIL MKT order. I can only use this if I’m monitoring the trade, however, because if SPX really moves strongly it won’t fill.
      - Jeff 10:16 am on Tuesday, July 22, 2025
        
        Stopped for 9.00
      - matt0311 10:59 am on Tuesday, July 22, 2025
        
        But if you have a trail limit order with no offset, couldn’t it be that your order may be triggered but not filled if the limit is run over and can cause you even more loss? Unless, you speculate on a soon to happen bounce.
        
        Jeff 12:50 pm on Tuesday, July 22, 2025
        
        Yes, that’s why I said you need to monitor because it may not fill. I do speculate some retracement on these stops. It happens probably 95% of the time or greater. I’ve also thought about placing a second OCO order, a TRAIL MKT stop at a greater distance to catch anytime there is no retracement.
        
        matt0311 1:08 pm on Tuesday, July 22, 2025
        
        sure, that approach works. I remember that the OCO orders at IB were cumbersome to set up. Practice would help.

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