Jeff 5:50 am on Tuesday, September 16, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 9/16/25

#SPX0dte Sold to Open $SPX Sep 16th 6565/6585-6655/6675 condors for 1.00, IV 13.13%, deltas -.09 +.07

Jeff 7:06 am on Tuesday, September 16, 2025

Call side closed for .10. It is almost every day the Expected Move is breached. A couple years ago, this market would have warranted about 1.40 on a 6-delta condor if sold in premarket, with 120-150 in width. Today the premium and width are paltry even though the market moves more every day. What changed? Why in a more volatile market has same-day option premium plummeted? Perhaps over time the market realized that it was over pricing the chain, and now it has over compensated and is under pricing.
- Jeff 10:01 am on Tuesday, September 16, 2025
  
  Put side closed for .30
- geewhiz112 11:26 am on Tuesday, September 16, 2025
  
  Could be more entities trading these strategies.

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