Jeff 5:58 am on Tuesday, September 23, 2025
Tags: spx0dte ( 421 )

SPX 0-dte trades for 9/23/25

#SPX0dte Sold to Open $SPX Sep 23rd 6630/6650-6730/6750 condors for .95, IV 13.60%, deltas -.08 +.05

Jeff 9:16 am on Tuesday, September 23, 2025

Calls closed for .10, and as is the new norm, market is looking to threaten this condor.

I tried two other trades…. a 20d condor at open that didn’t deteriorate quickly enough so I exited for small profit before 10am data. Then a tight condor that stopped out for small loss due to market dropping. Now waiting until Powell’s speech.
- Jeff 10:39 am on Tuesday, September 23, 2025
  
  Well, missed my chance to exit for .30, maybe even .25. The market is certainly mocking me…. fully reversing its behavior from past couple weeks right when I reverse my strategy. I’m going to have to amend my exit strategy so I take opportunities like the exit for .30 (about 12:48 ET) when the market has shown intraday trending like it did today. I usually wait for an EM breach to alter my exits.
  - Jeff 10:44 am on Tuesday, September 23, 2025
    
    My dead stop was hit when SPX breached my short stop at 6650. Got as high as 7.00 before a bounce got me out at 5.00. I truly cannot believe it.
    - Jeff 10:50 am on Tuesday, September 23, 2025
      
      …and that’s where it bounces. Almost exactly at the point where my rules force me to take a big loss.
      - fuzzballl 11:02 am on Tuesday, September 23, 2025
        
        I feel some of your frustration. Yesterday I waited for a decent pullback to get better rolls and never got it. Today rolled at the highs thinking we wouldn’t get a pullback. Uugh.
        
        geewhiz112 11:23 am on Tuesday, September 23, 2025
        
        Trading not easy, but you and Jeff make it look that way. Chin up.