Jeff 5:55 am on Thursday, July 24, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 7/24/25

#SPX0dte Sold to Open $SPX July 24th 6290/6310-6395/6415 condors for 1.05, IV 14.80%, IB deltas -.08 +.06

Jeff 6:54 am on Thursday, July 24, 2025

My previous stop level, the TOS expected move, was hit on the call side. This just is not the same as it was a couple years ago and most of the time in last 10 years. I sold this with a 6 delta, and it hits the stop only 12 points higher. EM is +/- 21.00; still pretty far from short strike, so I’m comfortable with new stop policy. Yesterday call side was threatened several times, with intervals in between where a 10-cent exit was possible. These options just are not priced like they used to be.
- Jeff 7:31 am on Thursday, July 24, 2025
  
  Sold 6335/6365-6370/6400 condors for 12.25, IV 14.85%
  - Jeff 7:50 am on Thursday, July 24, 2025
    
    Trail limit hit for 13.00. Sucks, I knew I placed this too low; should have gotten out for even on that instinct.
    - Jeff 9:49 am on Thursday, July 24, 2025
      
      Reentered same strikes for 9.75
      - Jeff 9:58 am on Thursday, July 24, 2025
        
        To be honest, I meant to enter the next strike higher on this. I misread my chart drawings. So far the trade is fine, so I will keep it on a short lease if SPX moves back above 6371
        
        Jeff 10:08 am on Thursday, July 24, 2025
        
        Bailed for 9.50. It did achieve 10% but immediately started rising. My error, I placed the trade wrong; would have worked nearly perfectly had I placed it where I intended it. Going to wait then try again. Commissions suck.
        
        Jeff 11:01 am on Thursday, July 24, 2025
        
        Swings are too much and now premium is too low to try again. So far a frustrating week… if I had a 10% profit rule I’d be doing well. As it is, I only have small profit for the week.
Jeff 11:45 am on Thursday, July 24, 2025

Closed 6395/6415 call spreads for .10

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