#SPX0dte Sold to Open July 1st $SPX 6100/6120-6230/6250 condors for 1.10, IV 19.54%, deltas -.06 +.06
Higher IV due to Powell/LaGarde speeches, and lots of data coming after the open. Likely won’t consider another trade until after 10am ET.
Author Archives: Jeff
SPX 0-dte trades for 6/30/25
#SPX0dte Sold to Open $SPX Jun 30th 6110/6130-6240/6260 condors for 1.05, IV 19.15%, deltas -.06 +.06
Earnings 6/30 – 7/4
Econ Calendar 6/30 – 7/4
SPX 0-dte trades for 6/27/25
#SPX0dte Sold to Open $SPX Jun 27th 6085/6105-6195/6215 condors for .95, IV 16.10%, deltas -.07 +.05
SPX 0-dte trades for 6/26/25
#SPX0dte Sold to Open $SPX Jun 26th 6065/6085-6130/6150 condors for 1.10, IV 16.80%, deltas -.07 +.06
SPX 0-dte trades for 6/25/25
#SPX0dte Sold to Open $SPX Jun 25th 6030/6050-6145/6165 condors for .95, IV 16.88%, deltas -.07, +.06
This is lowest chain IV since the February market highs. A pretty massive drop overnight.
SPX 0-dte trades for 6/24/25
#SPX0dte Sold to Open $SPX Jun 24th 5970/5990-6115/6135 condors for 1.05, deltas -.06 +.06, IV 21.82%
SPX 0-dte trades for 6/23/25
#SPX0dte Sold to Open $SPX Jun 23rd 5880/5900-6030/6050 for 1.15, IV 23.24%, deltas -.06 +.06
Earnings 6/23 – 6/27
Econ Calendar 6/23 – 6/27
Busy week of data and Powell yap. Also, war.
SPX 0-dte trades for 6/20/25
#SPX0dte Sold to Open $SPX Jun 20th 5900/5920-6060/6080 condors for 1.05, IV 24.23%, deltas (from IB) -.06 +.06
SPX 0-dte trades for 6/18/25
#SPX0dte Sold to Open $SPX Jun 18th 5860/5880- 6055/6075 condors for 1.40, IV 31.87%, deltas -.06 +.05
Decided to go with regular approach on Fed day as I can be out of all trades before the 2pm announcement, and no big shocks are expected, so we should see decay.
SPX 0-dte trades for 6/17/25
#SPX0dte Sold to Open $SPX Jun 17th 5905/5925-6060/6080 condors for 1.15, IV 23.91%, deltas -.06 +.06
SPX 0-dte trades for 6/16/25
#SPX0dte Sold to Open $SPX Jun 16th 5920/5940-6065/6085 condors for 1.20, IV 22.78%, deltas (from IB) -.07 +.06
Earnings 6/16 – 6/20
Econ Calendar 6/16 – 6/20
Retail Sales TUES, Fed decision WED, Market Closed THUR
SPX 0-dte trades for 6/13/25
#SPX0dte Sold to Open $SPX Jun 13th 5870/5890-6055/6075 condors for 1.35, IV 30.90%, deltas (from IB) -.06 +.06
SPX 0-dte trades for 6/12/25
#SPX0dte Sold to Open $SPX Jun 12th 5905/5925-6065/6085 condors for 1.20, IV 24.76%, deltas (from IB) -.06 +.05
SPX 0-dte trades for 6/11/25
#SPX0dte Sold to Open $SPX Jun 11th 5960/5980-6105/6125 condors for 1.30, IV 22.39%, deltas -.07 +.06
CPI rises 0.1% in May, less than expected
The consumer price index, a broad-based measure of goods and services across the sprawling U.S. economy, increased 0.1% for the month, putting the annual inflation rate at 2.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 2.4%.
https://www.cnbc.com/2025/06/11/cpi-inflation-may-2025.html
SPX 0-dte trades for 6/10/25
#SPX0dte Sold to Open $SPX Jun 10th 5925/5945-6065/6085 condors for 1.15, IV 21.76%, deltas -.07 +.05
SPX 0-dte trades for 6/9/25
#SPX0dte Sold to Open $SPX Jun 9th 5920/5940-6060/6080 condors for 1.45, IV 22.91%, deltas -.07 +.06
Earnings 6/9 – 6/13
Econ Calendar 6/9 – 6/13
May Jobs Report
#Jobs — Exceeding expectations again
Gain of +139,000 non-farm payroll jobs, vs. expected gain of 125K
Unemployment unchanged at 4.2%
U6 unemployment 7.8%, unchanged
Labor force participation down 0.2 to 62.4%
Average hourly earnings up by 0.4%; +3.9% Y/Y, both more than expected
April jobs revised down by -30K to +147K
March jobs revised down by -60K to +120K
SPX 0-dte trades for 6/6/25
#SPX0dte Sold to Open $SPX Jun 6th 5890/5910-6045/6065 condor for 1.10, IV 24.37%, deltas are anyone’s guess, but I shot for 06/06 the best I could estimate.
SPX 0-dte trades for 6/5/25
#SPX0dte Sold to Open $SPX Jun 5th 5890/5910-6055/6075 for 1.30, IV 26.50%, deltas -.08 +.05
Deltas are likely off again, but premium is elevated so took advantage of that, although it still went up more after selling. I’m guessing the pre-market spike up and IV are response to Christine Lagarde’s comments at beginning of her presser (ECB cut rates again).
SPX 0-dte trades for 6/4/25
#SPX0dte Sold to Open $SPX Jun 4th 5880/5900-6025/6045 condors for 1.15, IV 22.16%, deltas -.06 +.06
SPX 0-dte trades for 6/3/25
#SPX0dte Sold to Open $SPX Jun 3rd 5830/5850-5980/6000, IV 23.13%, deltas -.05 +.07 (TOS), -.06 +.06 (IB).
TOS still seems to have problems with deltas in premarket…. the more off we are from yesterday’s close, the worse it is.
SPX 0-dte trades for 6/2/25
#SPX0dte Sold to Open $SPX June 2nd 5785/5805-5955/5975 condors for 1.40, IV 28.03%, deltas -.06 +.08
Earnings 6/2 – 6/6
Econ Calendar 6/2 – 6/6
SPX 0-dte trades for 5/30/25
#SPX0dte Sold to Open $SPX May 30th 5780/5800-5980/6000 condors for 1.30, IV 31.70%, deltas -.06 +.05
SPX 0-dte trades for 5/29/25
#SPX0dte Sold to Open May 29th 5800/5820-6015/6035 condors for 1.45, IV 34.39%, deltas -.07 +.05
Deltas off on TOS… IB shows deltas as -.05 +.07
SPX 0-dte trades for 5/28/25
#SPX0dte Sold to Open $SPX May 28th 5835/5855-5985/6005 condors for 1.20, IV 22.89%, deltas -.06 +.06
SPX 0-dte trades for 5/27/25
#SPX0dte Sold to Open $SPX May 27th 5750/5770-5940/5960 condors for 1.10, IV 27.63%, deltas* -.09 +.04
*These are the deltas from TOS, but they are off again. I went more by premium. Probably could have gone even higher on the put side.
Earnings 5/26 – 5/30
Econ Calendar 5/26 – 5/30
SPX 0-dte trades for 5/23/25
Sold to Open $SPX May 23rd 5655/5675-5875/5895 condors for 1.20, IV 38.90%, deltas -.06 +.05.
Deltas wildly off before market so this was placed 12 minutes after the bell.
Paper trade: 2 minutes after bell: 5695/5715-5835/5855 for 5.40. Already about $1 in profit. The SPX spike up after placement barely affected the premium.
SPX 0-dte trades for 5/22/25
#SPX0dte Sold to Open $SPX May 22nd 5730/5750-5920/5940 condors for 1.40, IV 31.52%, deltas -.06 +.06
Paper trade 5775/5795-5890/5910 for 5.05, deltas -.19 +.17
Bond auction action
Today another good sign to watch out for bond auctions on the calendar. Yields were already high and spiked after auction, sending indexes plunging.
SPX o-dte trades for 5/21/25
#SPX0dte Sold to Open $SPX May 21st 5805/5825-5975/5995 condors for 1.20, IV 26.88%, deltas -.06 +.06
SPX 0-dte trades for 5/20/25
#SPX0dte Sold to Open $SPX May 20th 5860/5880-6005/6025 condors for 1.15, IV 22.76%, deltas -.06 +.06
SPX 0-dte trades for 5/19/25
#SPX0dte Deltas are whacked on TOS as well as IB, so I’m waiting until after the open.
Earnings 5/19 – 5/23
Econ Calendar 5/19 – 5/23
SPX 0-dte trades for 5/16/25
#SPX0dte Sold to Open $SPX 5825/5845-5985/6005 condors for 1.30, IV 25.55%, deltas -.06 +.06
SPX 0-dte trades for 5/15/25
#SPX0dte Sold to Open $SPX May 15th 5775/5795-5945/5965 condors for 1.15, IV 26.18%, deltas -.06 +.06
SPX 0-dte trades for 5/14/25
#SPX0dte Sold to open $SPX May 14th 5790/5810-5955/5975 condors for 1.15, IV 25.32%, deltas -.06 +.05
SPX 0-dte trades for 5/13/25
#SPX0dte Sold to Open $SPX May 13th 5745/5765-5920/5940 condors for 1.15, IV 27.56%, deltas -.06 +.05
CPI hits 2.3%, less than expected
The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation rate at 2.3%, the Bureau of Labor Statistics said. The monthly reading was in line with the Dow Jones consensus estimate and a bit below the annual forecast for 2.4%.
https://www.cnbc.com/2025/05/13/cpi-inflation-april-2025.html
SPX 0-dte trades for 5/12/25
#SPX0dte Sold to Open $SPX May 12th 5700/5725-5925/5950 IV 37.30%, deltas -.08 +.05
Not a lot of strikes available on the call side so had to go 25-wide.
Earnings 5/12 – 5/16
Econ Calendar for 5/12 – 5/16
SPX 0-dte trades for 5/9/25
#SPX0dte Sold to Open $SPX May 9th 5570/5590-5760/5780 condors for 1.30, IV 31.14%, deltas -.06 +.05
SPX 0-dte trades for 5/8/25
#SPX0dte Sold to Open 5540/5560-5755/5775 condors for 1.30, IV 37.94%, deltas -.06 +.06
Trump to announce UK trade deal at 10am, but I’m betting most of move is already in.
SPX 0-dte trades for 5/7/25
#SPX0dte I avoided the wide condor due to Fed day, but premiums have been dropping quite normally despite the 2pm announcement coming. The 6-delta condor was going for 1.65 before open and now is down to .85. Could have been a nice trade. I did make 1.50 on this tight condor:
At 9:38, sold to open 5585/5615-5620/5650 condors for 23.50, BTC for 22.00 at 10:50.
These trades have not worked well lately but they are safer when premium gets above 23.00, as 10 or 20 point moves don’t have as large of a negative effect.
SPX 0-dte trades for 6/6/25
#SPX0dte Sold to Open $SPX May 6th 5500/5520-5680/5700 condors for 1.40, IV 32.00%, IV -.06 +.09
I think deltas are a bit off, so I centered it based on distance and premium.
SPX 0-dte trades for 5/5/25
#SPX0dte Sold to Open $SPX May 5th 5535/5555-5730/5750 condors for 1.35, IV 33.93%, deltas -.06 +.07
Earnings 5/5 – 5/9
Econ Calendar 5/5 – 5/9
ISM, Bond Auctions, and a Wednesday Fed decision
SPX 0-dte trades for 5/2/25
#SPX0dte Sold to Open $SPX May 2nd 5530/5550-5740/5760 condors for 1.15, IV 37.04%, deltas -.05 +.06
April Jobs Report
#Jobs — Exceeding expectations again
Gain of +177,000 non-farm payroll jobs, vs. expected gain of 133K
Unemployment unchanged at 4.2%, as expected
U6 unemployment 7.8%, down by 0.1%
Labor force participation up 0.1 to 62.6%
Average hourly earnings up by 0.2%; +3.8% Y/Y
February jobs revised down by -15K to +102K
March jobs revised down by -43K to +185K
SPX 0-dte trades for 5/1/25
#SPX0dte Sold to Open $SPX May 1st 5470/5490-5710/5730 condors for 1.45, IV 42.10%, deltas -.08 +.05.
I think pre-market delta readings are off. Using narrower stops than the Expected Move… will look to close close if either side exceeds the 1.45 opening premium.
SPX trades for 4/30/25
#SPX0dte Sold to Open $SPX Apr 30th 5480/5510-5515/5545 condors for 19.10, IV 38.98%.
Avoided trading earlier due to market reaction of GDP data.
SPX 0-dte trades for 4/29/25
#SPX0dte Sold to Open $SPX Apr 29th 5380/5400-5600/5620 condors for 1.35, IV 41.29%, deltas -.05 +.06
I waited for the open, but doing so cost me width and premium as opposed to selling about a half hour before open.
SPX 0-dte trades for 4/28/25
#SPX0dte Sold to Open $SPX Apr 28th 5405/5425-5615/5635 condors for 1.40, IV 37.26%, deltas -.07 +.05
That’s the lowest chain IV for a trade I’ve seen since April 1st.
Earnings 4/28 – 5/2
Econ Calendar 4/28 – 5/2
SPX 0-dte trades for 4/25/25
#SPX0dte Sold to Open $SPX Apr 25th 5320/5420-5585/5605 condors for 1.50, IV 47.76%, deltas -.06 +.06
SPX 0-dte trades for 4/24/25
#SPX0dte Sold to Open $SPX Apr 24th 5215/5245-5495/5525 condors for 1.90, IV 48.23%, deltas -.06 +.06
High premium for this condor, I will look to close both sides by midday.
SPX 0-dte trades for 4/23/25
#SPX0dte Sold to Open $SPX Apr 23rd 5300/5280 puts for 1.05, delta -.10, IV is bouncing wildly around 60%
I caught this on the pullback before another spike higher (9:37a ET). On that spike higher, IV and premium started going wild… this spread got above 1.50 in that period, even though SPX is higher than when I sold it.
SPX 0-dte trades for 4/22/25
#SPX0dte Sold to Open $SPX Apr 22nd 5060/5080-5315/5335 condors for 1.35, IV 47.18%, deltas -.07 +.05
SPX 0-dte trades for 4/21/25
#SPX0dte Sold to Open $SPX Apr 21st 5080/5100-5350/5370 condors for 1.40, IV 50.19%, deltas -.05 +.06
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