SPX trades

#SPX7dte Well, day could not end worse with SPX almost precisely in middle of the Dead Zone. Had the chance to sell for over 17 near the open but wanted to wait it out for max profit of 20.00. A Screamingly bullish day denied me. So I sold put side for .90 and call side for 1.35 in the last half hour of the day. 4145/4165-4175/4195 condors bought for 15.40 last Thursday, so 13.15 loss.

#SPX1dte Expiring worthless: 4050/4070-4180/4200 condors, sold yesterday for 1.00.

SPX trades

#SPX7dteLong Bought to Open $SPX Apr 26th 4100/4120-4130/4150 iron condors for 16.75, with SPX at 4124.

#SPX1dte trade will follow in comments.

SPX trades

#SPX7dteLong Bought to Open $SPX Apr 23rd 4140/4160-4170/4180 iron condors for 15.60, with SPX at 4160.

Fingers crossed for a bullish close.

SPX 7dte

#SPX7dteLong Sold to close $SPX Apr 19th 4120/4100 put spreads for 1.25. Looking for a bounce to get full 20.00 on call side. Condors bought for 15.25 last Tuesday.

Earnings Calendar…

…in right column has been updated

SPX summary of week

#SPX1dte
Summary of week: Mon -.50 loss, Wed +.85, Fri +.85
+1.20 profit for week

#SPX7dteLong
Summary of week: Monday +4.60, Wednesday +.65, Friday +4.55.
+9.80 profit for week

This week’s expirations
5 wins, 1 loss
Total P/L combined: profit of +11.00

I was traveling Friday and didn’t place a 1dte trade for Monday. I am spending two weeks in the Denver area.

SPX trades

#SPX7dteLong Bought to Open $SPX Apr 21st 4145/4165-4175/4195 iron condors for 15.40.

#SPX1dte Sold to Open $SPX Apr 16th 4085/4105-4210/4230 iron condors for .85

SPXpire

#SPX1dte Expiring worthless: $SPX Apr 14th 4070/4090-4190/4210 condors, sold yesterday for .85.

Bummer of an exit on the 7dte trade… could have gotten 5.05 if I’d waited, but instead got .65

SPX trades

#SPX7dte Sold to close $SPX Apr 14th 4105/4125 call spreads for 15.60. Still holding put spreads. Condors bought last Thursday for 14.95.

Don’t know what just hit the market but it has potential to kill my trade so I got out with small profit. Still holding put side and will hopefully get bit more for it, but as these things usually pan out, I probably sold at the bottom. I’ve been away from my desk almost the whole morning, but happened to be here at the exact right time to make a panic trade!

SPX trades

#SPX7dteLong Bought to Open $SPX 4120/4140-4150/4170 iron condors for 15.30, with SPX at 4146.

#SPX1dte in comments.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Apr 16th 4095/4115-4125/4145 iron condors for 15.45, with SPX at 4121.

Expected to expire at max credit of 20.00: Apr 12th 4080/4100 call spreads. Condors bought for 15.40 last Tuesday.

SPX stopped

#SPX1dte Bought to close $SPX Apr 12th 4155/4175 call spreads for 1.45. Condors sold for .95 an hour ago. The pop above 4129 in the last minute breached my stop, so I closed the call spread after the bell.

SPX trades

#SPX1dte Sold to Open $SPX Apr 12th 4035/4055-4155/4175 iron condors for .95, with SPX at 4110, IV 7.9%, deltas -.08 +.06

Expiring: Apr 9th 4030/4050-4135/4155 condors, sold yesterday for 1.05

Expiring with max credit of 20.00: Apr 9th 4080/4100 call spreads, bought Monday for 15.20. Also add .60 from selling put spread this morning.

#spx7dtelong

SPX 7-dte

#SPX7dteLong Sold to close $SPX Apr 9th 4070/4050 put spreads for .60. Relying on the 4080/4900 call side for the main profit. Condors bought for 15.20 on Monday.

SPX trades

#SPX7dteLong Bought to Open $SPX Apr 14th 4075/4095-4105/4125 iron condors for 14.95, with SPX at 4095.

1-dte trade to follow in comments.

#spx1dte

SPXpire

#SPX1dte Expiring worthless: $SPX Apr 7th 3995/4015-4110/4130 condors, sold yesterday for 1.10.

#SPX7dteLong Expiring for max credit of 20.00: Apr 7th 3995/4015 call spreads. Condors bought for 15.75 last Wednesday.

SPX trades

#SPX7dteLong Bought to Open $SPX Apr 12 4050/4070-4080/4100 iron condors for 15.40, with SPX at 4073.

1-dte trade to follow in comments.

SPXpiration ugly

#SPX1dte Expiring for 12.50 debit: $SPX Apr 5th 4065 short calls. Condors sold for 1.05 on Friday.

#SPX7dte Expired with max credit of 20.00: $SPX Apr 5th 3870/3890 long call spreads. Condors bought for 16.10 last Tuesday.

SPX trades

#SPX7dteLong Bought to open $SPX Apr 9th 4050/4070-4080/4100 iron condors for 15.20, with SPX at 4076.

#SPX1dte Stop was hit at the open, and I tried to get cute and exit this morning for less than 2.00. Could have done it for about 2.20. Missed it, and now in the hole over 11.00. Only hope is for a pull back to 4065.

March Jobs Report

#Jobs — Obliterating expectations, plus more added to Jan & Feb.

Gain of +916,000 non-farm payroll jobs, vs. expected gain of 645K
Unemployment at 6.0%, down by 0.2
U6 unemployment at 10.7%, down by 0.4
Labor force participation 61.5%, up by 0.1

Feb jobs revised up by +89K to +468K
Jan jobs revised up by +67K to +233K

Jobs Report tomorrow

Even though stock market is closed, the March jobs report will be released at 8:30am ET.

SPX trades

#SPX1dte Sold to Open $SPX Apr 5th 3925/3945-4065/4085 iron condors for 1.05, SPX at 4012, IV 8.2%, deltas -.06 +.06.

Expiring worthless: Apr 1 3905/3925-4035/4055 condors, sold yesterday for 1.15

#SPX7dteLong Expected to expire with max credit of 20.00: Apr 1st 3980/4000 call spreads. Condors bought Monday for 15.60

SPX 1 dte

#SPX1dte Expected to expire worthless: $SPX Mar 31st 3880/3900-4020/4040 iron condors, sold yesterday for 1.05

Sold to Open $SPX Apr 1st 3905/3925-4035/4055 iron condors for 1.15, SPX at 3988, IV 13.05%, deltas -.07 +.07

#spx7dte, #spx7dtelong

SPX trades

#SPX7dteLong Bought to Open $SPX Apr 5th 3930/3950-3960/3980 iron condors for 16.10, with SPX at 3956.

#SPX1dte trade will be posted in the comments.

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Apr 1st 3950/3970-3980/4000 iron condors for 15.60, with SPX at 3972. This one only 3 days out, as Friday is Good Friday holiday and market is closed.

SPXit

#SPX7dteLong Sold to close $SPX Mar 29th 3945/3965 call spreads for 10.00. Going to look for a low to sell put side.
Condors bought for 15.80 last Tuesday.

SPX trades

#SPX7dteLong Sold to close $SPX 3940/3960 call spreads for 7.10. Combine with puts this morning, 12.10 in sales for 3.70 loss.

More coming in comments

#speculation, #spx1dte

SPX exit trades

#SPX7dteLong Looks like a tough day for this one as SPX price currently in the dead zone. Sold to close $SPX March 26th 3930/3910 put spreads for 5.00. Condors bought for 15.80 on Monday. Hopefully will be a bullish day and can get something strong for the call side.

#SPX1dte STOPPED – Bought to close Mar 26th 3950/3970 call spreads for 1.35. Condors sold for 1.10 yesterday. It hit my stop (expected move) but was still closeable at only a small loss. Part of the problem with this one today was I sold it yesterday with 2 hours remaining, and market spiked upward into close. First time I’ve had to stop out of this trade since March 3.

SPX trades

#SPX7dte Bought to Open $SPX Mar 31st 3865/3885-3895/3915 iron condors for 16.45, with SPX at 3890.

Will post #SPX1dte trade in the comments below.

SPX trades

#SPX7dteLong Bought to Open $SPX Mar 29th 3915/3935-3945/3965 iron condors for 15.80, with SPX at 3940.

More to come in comments.

#spx1dte

SPX trades

#SPX7dteLong Sold to close $SPX Mar 22nd 3960/3940 put spreads for 17.75, at five minutes before the close. Got a lucky pullback on this one. Condors bought for 16.10 last Tuesday.

#SPX1dte Expiring: Mar 22nd 3820/3840-3995/4015 condors, sold Friday for 1.00

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Mar 26th 3910/3930-3940/3960 iron condors for 15.80, with SPX at 3936.

SPX 1-dte

#SPX1dte Sold to Open $SPX Mar 22nd 3820/3840-3985/4005 iron condors for 1.00, SPX at 3924, IV 11.1%, deltas -.06 +.05

SPX trades

#SPX1dte Expected to expire: 3795/3815-3995/4015 condors, sold yesterday for 1.20
Summary of week: Mon/Wed/Fri all expired worthless, total credit of 3.30.

#SPX7dteLong Call side fizzled so 11.00 from put side yesterday will be it… condors bought for on Monday 15.60
Summary of week: Monday +2.80, Wednesday +3.35, Friday -4.70… Net +1.45

This week’s expirations
5 wins, 1 loss, Total P/L combined: +4.75

SPX trades

#SPX7dteLong Bought to Open $SPX Mar 24th 3935/3955-3965/3985 iron condors for 15.75, with SPX at 3962.

Will post #SPX1dte trade as a comment below here.

SPXculation

#Speculation Bought to Open $SPX Mar 24th 4000/4020 call spreads for 3.70. Filled earlier at the day’s lows.

SPX trades

#SPX7dteLong. Thank you, Fed. Sold to close $SPX Mar 17th 3960/3980 call spreads for 13.00. Combined with the 7.00 I sold the put side for: total credit is 20.00. I had planned to go for more, but the spike went up too fast and I wasn’t able to adjust my limit order in time.

#SPX1dte Expected to expire: Mar 17th 3870/3890-4020/4040 condors, sold yesterday for 1.10.

#spx7dte

SPX 7-dte

#SPX7dteLong Sold to close $SPX Mar 17th 3950/3930 put spreads for 7.00. Betting on a rise into the close so I can close call side. Condors bought for 16.65 last Thursday.

SPX trades

#SPX1dte Sold to Open $SPX Mar 17th 3870/3890-4020/4040 iron condor for 1.10, SPX at 3965, IV 14.8%, deltas -.06 +.06

#SPX7dteLong Bought to open $SPX Mar 22nd 3940/3960-3970/3990 iron condors for 16.10, with SPX at 3966.

Upside Warning in effect

#VIXIndicator An Upside Warning took effect on Monday after three consecutive closes of $VIX below the 78.6 Fib line drawn from pre-correction low and correction high. Expect higher prices in coming days or weeks.

Last two Upside Warnings:
Feb 5, 2021: close on that day: 3886. Subsequent high was 3950 on Feb 16. 6 trading days, +1.6%
Nov 11, 2020: close that day: 3585. Subsequent high was 3726 on Dec 18. 25 trading days, +3.9%

SPX trades

#SPX7dteLong Bought to Open $SPX Mar 19th 3925/3945-3955/3975 iron condors for 15.60, with SPX at 3945.

Expected to expire with max credit of 20.00: Mar 15th 3900/3925 call spreads. Condors bought last Tuesday for 17.20.

#SPX1dte Expected to expire worthless: Mar 15th 3835/3855-3990/4010 condors, sold Friday for 1.00.

SPX trades

#SPX1dte Sold to Open $SPX Mar 15th 3835/3855-3990/4010 iron condors for 1.00, SPX at 3936, IV 10.15%, deltas -.06 +.06

Expiring: Mar 12th 3855/3875-4005/4025 condors, sold yesterday for 1.25

#SPX7dteLong Expiring for max credit of 20.00: Mar 12th 3855/3875 call spreads. Condors bought for 17.70 on Monday.

SPX 1-dte

#SPX1dte Sold to Open $SPX 3855/3875-4005/4025 iron condors for 1.25, SPX at 3953, IV 14.6%, deltas -.06 +.07

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Mar 17th 3930/3950-3960/3980 iron condor for 16.65, with SPX at 3953.

Downside Warning canceled

#VIXIndicator The VIX was headed for it at the close, but SPX making a new high beats it to the punch. Downside Warning is canceled. Now, three VIX closes below 22.30 mean an Upside Warning.

SPXpire

#SPX7dteLong Expired with max credit of 20.00: $SPX March 10th 3825/3845 call spreads. Condors bought for 17.85 last Thursday.

#SPX1dte Expired: 3785/3805-3960/3980 iron condors, sold yesterday for 1.00

SPX trades

#SPX7dteLong Bought to Open $SPX Mat 15th 3870/3890-3900/3920 iron condors for 17.20, with SPX at 3894.

#spx1dte

SPX 7-dte

#SPX7dte Bought to open $SPX Mar 12th 3825/3845-3855/3875 iron condos for 17.70, with SPX at 3848.

#spx1dte, #spx7dtelong

SPX trades

#SPX7dteLong Bought to Open $SPX March 10th 3795/3815-3825/3845 condors for 17.85, with SPX at 3715. Too expensive to buy yesterday so I bought today… only 5 dte.

#spx1dte

February Jobs Report

#Jobs — Strongly exceeding expectations.

Gain of +379,000 non-farm payroll jobs, vs. expected gain of 210K
Unemployment at 6.2%, down by 0.1
U6 unemployment at 11.1%, unchanged
Labor force participation 61.4%, unchanged

Jan jobs revised up by +117K to +166K
Dec jobs revised down by -79K to -306K

SPX trades

#SPX7dteLong Sold to close $SPX Mar 5th 3895/3875 put spreads for 19.60. Condors bought for 16.85 on Monday. Call spread remains, possible some profit if we get a decent bounce.

More trades to follow in the comments.

#speculation, #spx1dte

SPX 7-dte

#SPX7dteLong Sold to Close $SPX Mar 3rd 3855/3835 put spreads for 7.10. Gonna try legging out, sell calls on next move up. Condors bought for 17.95 last Thursday.

SPX stopped

#SPX1dte Bought to close $SPX Mar 3rd 3805/3785 put spreads for 2.00. Stop hit at the morning’s lows. Condors sold for 1.35 yesterday.

SPX trades

#SPX7dteLong Bought to Open $SPX March 8th 3870/3890-3900/3920 iron condors for 17.00, with SPX at 3889.

#spx1dte

SPX 7 dte

#SPX7dte Sold to close $SPX March 1st 3865/3885-3895/3915 condors for 11.60. Taking the loss and closing now, as I cannot tell if this will continue to sail into higher profit or start wallowing in the dead zone. Bought for 16.75 last Tuesday.

Bought to Open March 5th 3875/3895-3905/3925 iron condors for 16.85, with SPX at 3898.

SPX trades

#SPX1dte Sold to Open $SPX March 1st 3665/3685-3920/3940 iron condors for 1.40, SPX at 3829, IV 19.5%, deltas -.06 +.06

#SPX7dteLong Expiring at max credit of 20.00: Feb 26th 3885/3865 put spreads. Condors bought for 16.35 on Monday

#Speculation Bought to Open $SPX March 5th 3700/3680 put spreads for 2.65.

SPX 1-dte

#SPX1dte Bought to close $SPX 3700/3680 put spreads for .35. Condors sold yesterday for 1.35. Protecting from any possible big drop today.

Downside Warning in effect

#VIXIndicator Expect lower levels in the coming days or weeks.

Last DW fired on Jan 27th. The SPX low was only two days later and we rebounded from there. So it was brief.
The one before that was on Sept 3, 2020. The SPX low was 3 weeks later on Sep 24th.

SPX 1-dte

#SPX1dte Sold to Open $SPX Feb 26th 3680/3700-3920/3940 iron condors for 1.35, SPX at 3836, IV 27.5%, deltas -.06 +.05

SPX 7-dte

#SPX7dteLong Bought to Open $SPX March 3rd 3835/3855-3865/3885 iron condors for 17.95, with SPX at 3857.

Upside Warning canceled

#VIXIndicator The $VIX spike above 26.67 just killed the Upside Warning. We’ll go into a Downside one if we close above it.

SPX trades

#SPX1dte Expiring: $SPX Feb 24th 3790/3810-3945/3965 condors, sold yesterday for 1.25

#SPX7dteLong This one would have been an ideal candidate for a double-dip profit, but I sadly did not close put side on yesterday morning’s drop. Condor purchased for 16.40 last Thursday…

Sold to close 39056/3885 put side for .50 at 47 minutes before closing bell.
Letting call side expire… Hopefully will be at least 10.00 credit.

GME flying again?

Moving rapidly higher, up 40%+ on day, mostly in last few minutes

SPX trades

#SPX1dte Sold to open $SPX Feb 24th 3790/3810-3945/3965 iron condors for 1.25, SPX at 3890, IV 15.7%, delats -.06 +.06

#SPX7dteLong Bought to Open $SPX 3865/3885-3895/3915 iron condors for 16.75, SPX at 3890.

SPX 7-dte

#SPX7dteLong These two orders were filled at the same instant when SPX dipped to 3887.50:

Sold to Close $SPX Feb 22nd 3920/3900 put spreads for 19.65. Condors bought for 15.55 last Wednesday.

Bought to Open Feb 26th 3865/3885-3895/3915 iron condors for 16.35.

#spx1dte

SPX 1-dte

#SPX1dte Sold to Open $SPX 3810/3830-3955/3975 iron condors for .95, SPX at 3903, IV 9.8%, deltas -.06 +.06

Expiring: Feb 19th 3820/3840-3965/3985 condors, sold yesterday for .95

SPX 7-dte

#SPX7dteLong. Well, missed the timing on my long-only attempt for this Upside Warning. Sold to close $SPX Feb 19th 3935/3955 call spread for 2.70. Bought for 9.00 on Monday.

SPX 1-dte

#SPX1dte Sold to open $SPX Feb 19th 3820/3840-3965/3985 iron condors for .95,, SPX at 3918, IV 13.9%, deltas -.06 +.07

SPX 7-dte

#SPX7dteLong Bought to Open $SPX Feb 24th 3885/3905-3915/3935 iron condors for 16.40, with SPX at 3910.

Earnings updated

Sorry for falling behind, but if you refresh your browser you’ll see that the Upcoming Earnings chart has now been updated in the right-hand column.

SPX trades

#SPX7dteLong Bought to Open $SPX Feb 22nd 3900/3920-3930/3940 iron condors for 15.55, with SPX at 3923.

Earlier, sold to close Feb 17th 3905/3885 put spreads for 6.50. Watching 3915/3935 call spreads for a good exit. Condos bought last Thursday for 15.90.

#SPX1dte Expected to expire: Feb 17th 3850/3870-3975/3995 condors, sold yesterday for .95.

SPX trades

#SPX1dte Sold to Open $SPX Feb 17th 3850/3870-3975/3995 iron condors for .95, SPX at 3936, IV 12.9%, deltas: -.07, +.07

#SPX7dteLong – Waiting for the close on this one, a spike a bit higher will help.

SPX 7 dte

#SPX7dteLong Bought to Open $SPX Feb 19th 3935/3955 call spreads for 9.00, with SPX at 3931.

Taking a cue from the Upside Warning and trying LONG only for this Friday’s expiration.

As for today’s expiration, flirting with the dead zone if we keep dropping.

SPXpire & GME

#SPX1dte Expiring: $SPX Feb 12th 3825/3845-3955/3975 condors, sold yesterday for 1.00.

Skipped selling one for Tuesday.

Expired: $GME Feb 12th 15 puts, sold last week for .50.

SPX7dte

#SPX7dteLong Sold to close $SPX Feb 12th 3875/3895-3905/3925 condors for 12.15. Bought on Monday for 15.25.

Taking the loss early rather than trying to ride the swings. A 3.10 hit is easier to stomach that what can get much bigger if I don’t exit it right.