Jeff 5:49 am on Friday, September 19, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 9/19/25

#SPX0dte Sold to Open $SPX Sep 19th 6550/6570-6695/6715 condors for 1.05, IV 20.11%, deltas -.07 +.06

Jeff 7:28 am on Friday, September 19, 2025

Sold to open $SPX Sep 19th 6615/6645-6650/6680 condors for 12.70. I watched this drop from 14.00 to below 13.00 so fast. I missed that drop but hopefully we’ll still plummet before any big move happens.
- Jeff 7:48 am on Friday, September 19, 2025
  
  Nope. Missed it. So irritating. And the drop got too fast for the Trail limit to work so I got hit with the 1.50 Trail Mkt, stopped for 13.55. Then of course, a bounce comes immediately after the stop out.
  - Jeff 8:02 am on Friday, September 19, 2025
    
    And 10% hit a few minutes later. I struggle with whether my stops are too tight, but I have stuck with it because I have avoided large losses since implementing it. There have been times I was stopped out for a 1 to 2 dollar loss whereas in the past the fast move would have meant a 5-dollar or higher hit. Honestly, I don’t know how I was so foolish to be trading this strategy in the past without these Trail stops in place.
Jeff 8:02 am on Friday, September 19, 2025

6570/6550 put side closed for .10
- Jeff 12:15 pm on Friday, September 19, 2025
  
  Also closed call side for .10. Another week of nothing… two weeks in a row of breakeven. I’ll be reinstating the premarket 6-delta-ish condors next week as they would have given me two weeks of profit had I stuck with them. It seems every time I shift my strategies the market shifts in the opposite direction. This week saw minimal opportunities for tight condors due to sharp intraday swings that didn’t go very far and reversed quickly. Kind of like we’ve been seeing in last hour, which gave me a final loss for the week on a 20-delta condor I was trying into the close.

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