Jeff 6:48 am on Monday, September 8, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 9/8/25

#SPX0dte Sold to Open $SPX Sep 8th 6465/6495-6500/6530 condors for 13.15, IV 15.18%

Jeff 7:07 am on Monday, September 8, 2025

Closed for 11.70, about 10%
matt0311 8:14 am on Monday, September 8, 2025

I have had the following issue with this trade: I try to be neutral and look for similar Deltas for the Call and the Put. I enter the trade, get filled quite shortly after but the Deltas end up totally out of balance. Just this morning I had 16 Deltas as the shorts, but ended up with the Put at 13 and the Call at 21 and was under pressure from the start as the trade became directional. Do you have similar issues? What do you do reduce this discrepancies, I don’t think they can be avoided completely.
- Jeff 6:36 am on Tuesday, September 9, 2025
  
  Your trade is what I call a “20d”, in that it is near-but-below 20 delta shorts. I haven’t done this trade in awhile, but coincidence that you ask because Monday was first day in awhile that I tested it. In this market in 2025, at least since the tariff “crash” of April, it is almost inevitable that deltas will be thrown off balance. But just going to 13/21 is manageable and if 21 is as high as it goes the theta will still work for you to get a dollar profit. Just might take an hour rather than 15 minutes.
  
  I’ve been seeing often lately that we get tight consolidation for first 15 to 30 minutes, and any big moves come after. This is a good environment for 20d trades. If the moves starts earlier then get out and take the loss.

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