#SPX0dte Sold to Open $SPX Aug 4th 6170/6190-6325/6345 condors for 1.30, IV 23.20%, deltas -.06 +.06
Author Archives: Jeff
Earnings 8/4 – 8/8
Econ Calendar 8/4 – 8/8
SPX 0-dte trades for 8/1/25
#SPX0dte Sitting on my hands for now. Have been trying to sell call spread on any bounce, but not getting a chance. Missed my fill in pre market. Given this week’s pattern of fading after the open I was not going to sell a put spread today. Upside Warning is canceled. Downside one will take effect with $VIX close over 19.34.
July Jobs Report
#Jobs — Lower than expected and hugely lower prior month revisions
Gain of +73,000 non-farm payroll jobs, vs. expected gain of 100K
Unemployment up by 0.1 at 4.2%
U6 unemployment 7.9%, up by 0.2
Labor force participation down 0.1 to 62.2%
Average hourly earnings up by 0.3%; +3.9% Y/Y
May jobs revised down by -125K to +19K
June jobs revised down by -133K to +14K
SPX 0-dte trades for 7/31/25
#SPX0dte Sold to Open 6335/6355-6470/6490 condors for 1.10, IV 19.75%, IB deltas -.07 +.06
SPX 0-dte trades for 5/30/24
#SPX0dte Sold to Open $SPX July 30th 6285/6305-6430/6450 condors for 1.20, IV 21.43%, deltas -.07 +.06
Surprises are not expected from the Fed announcement, but increased IV giving a better width on the condor.
SPX 0-dte trades for 7/29/25
#SPX0dte Sold to Open $SPX July 29th 6345/6365-6435/6455 condors for 1.10, IV 13.20%, IB deltas -.09 +.06
SPX 0-dte trades for 7/28/25
#SPX0dte #riskreversal
Sold to Open $SPX July 28th 6360/6340 put spreads, delta -.08
Bought to Open 6440/6460 call spreads, delta +.04
Net CREDIT 0.15
IV 13.76%
After five straight positive gains and the potential for a TACO trade as August 1st tariffs loom, I am going for a bullish Risk/Reversal. Additionally, futures have come down 20 points and that lately has meant a rising SPX in trading hours.
Earnings 7/28 – 8/1
Econ Calendar 7/28 – 8/1
SPX 0-dte trades for 7/25/25
#SPX0dte Sold to Open $SPX July 25th 6310/6330-6405/6425 condors for 1.05, IV 14.15%, deltas -.09 +.06
SPX 0-dte trades for 7/24/25
#SPX0dte Sold to Open $SPX July 24th 6290/6310-6395/6415 condors for 1.05, IV 14.80%, IB deltas -.08 +.06
SPX 0-dte trades for 7/23/25
#SPX0dte Sold to Open $SPX July 23rd 6265/6285-6365/6385 condors for 1.05, IV 14.21%, IB deltas -.08 +.06
SPX 0-dte trades for 7/22/25
#SPX0dte Sold to Open $SPX July 22nd 6240/6260-6345/6365 condors for 1.05, IV 14.90%, deltas from IB: -.08 +.06
SPX 0-dte trades for 7/21/25
#SPX0dte Sold to Open $SPX July 21st 6265/6285-6325/6345 condors for 3.75, IV 14.22%. Delta reads were completely out of whack on both ToS and IB, so I estimated as distance from ATM. IV is lowest in premarket that I’ve seen all year.
Earnings 7/21 – 7/25
Econ Calendar 7/21 – 7/25
SPX 0-dte trades for 7/18/25
#SPX0dte Sold to Open $SPX July 18th 6255/6275-6345/6365 condors for 1.15, IV 17.09%, deltas (IB) -.08 +.06
SPX 0-dte trades for 7/17/25
#SPX0dte I’ve thrown in the towel on neutral trades for the week, given the failure of every trade I have tried, the out-sized intraday swings every day, and another big move in the futures this morning. On this spike higher I did buy a put spread. If we get another drop down I will close that and look for something long. Keeping it cheap, however.
BTO $SPX July 17th 6225/6205 put spreads for .50, IV 15.70%, delta estimated -.055
SPX 0-dte trades for 7/16/25
#SPX0dte Sold to Open a 20d condor a few minutes after open: July 16th 6210/6230-6280/6300 for 3.95, IV 17.10%, deltas -.20 +.18
After two days of stop outs I held off on pre-market wide condor… probably means this will be a straight-down-the-middle day!
SPX 0-dte trades for 7/15/25
#SPX0dte Sold to Open $SPX july 15th 6230/6250-6335/6355 condors for 1.10, IV 15.85%, deltas (estimated) -.08 +.06
Inflation picks up again in June, rising 2.7%
The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right in line with the Dow Jones consensus.
https://www.cnbc.com/2025/07/15/cpi-inflation-report-june-2025.html
SPX 0-dte trades for 7/14/25
#SPX0dte Sold to Open $SPX July 14th 6175/6195-6280/6300 condors for 1.20, IV 16.11%, deltas -.08 +.06
Earnings 7/14 – 7/18
Econ Calendar 7/14 – 7/18
SPX 0-dte trades for 7/11/25
#SPX0dte Sold to Open $SPX July 11th 6150/6170-6295/6315 condors for 1.15, IV 21.26%, deltas -.07 +.05
SPX 0-dte trades for 7/10/25
#SPX0dte #RiskReversal
Sold July 10th 6210/6190 put spreads, delta -.09
Bought July 10th 6300/6320 call spreads, delta +.05
IV 16.34%
Total CREDIT +.30
May have missed my chance at this move yesterday, but since we pulled back from highs on futures I don’t want to sell the call side here.
SPX 0-dte trades for 7/9/25
#SPX0dte Sold to Open $SPX July 9th 6170/6190-6280/6300 condors for 1.05, IV 16.43%, deltas -.06 +.06
SPX 0-dte trades for 7/8/25
#SPX0dte Sold to Open $SPX July 8th 6190/6210-6260/6280 condors for 4.30, IV 17.62%
I skipped the wide condor today as more tariff news likely to come and there have been too many stop outs in recent days. I may look at selling something at extremes, or even buying something if it gets cheap early in the day.
SPX 0-dte trades for 7/7/25
#SPX0dte Sold to Open $SPX July 7th 6175/6195-6300/6320 condors for 1.05, IV 19.01%, deltas estimated -.08 +.06
Earnings 7/7 – 7/11
Econ Calendar 7/7 – 7/11
June Jobs Report
#Jobs — Exceeding expectations again
Gain of +147,000 non-farm payroll jobs, vs. expected gain of 125K
Unemployment down by 0.1 at 4.1%
U6 unemployment 7.7%, down by 0.1
Labor force participation down 0.1 to 62.3%
Average hourly earnings up by 0.2%; +3.7% Y/Y
April jobs revised up by +11K to +158K
May jobs revised up by +5K to +144K
SPX 0-dte trades for 7/3/25
#SPX0dte Sold to Open $SPX July 3rd 6170/6190-6270/6290 condors for 1.15, IV 14.72%, deltas -.08 +.07
SPX 0-dte trades for 7/2/25
#SPX0dte Sold to Open $SPX July 2nd 6105/6125-6230/6250 condors for 1.15, IV 18.16%, deltas -.06 +.06
SPX 0-dte trades for 7/1/25
#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.
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
Options Bistro 