#SPX0dte Sold to Open $SPX Jun 13th 5870/5890-6055/6075 condors for 1.35, IV 30.90%, deltas (from IB) -.06 +.06
Author Archives: Jeff
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
Earnings 4/21 – 4/25
Econ Calendar 4/21 – 4/25
SPX 0-dte trades for 4/17/25
#SPX0dte Sold to Open $SPX Apr 17th 5140/5160-5415/5435 condors for 1.45, IV 52.58%, deltas -.06 +.05
SPX 0-dte trades for 4/16/25
#SPX0dte Sold to open $SPX Apr 16th 5190/5210-5475/5495 condors for 1.25, IV 54.90%, deltas -.06 +.05
SPX 0-dte trades for 4/15/25
#SPX0dte Sold to Open $SPX Apr 15th 5250/5270-5505/5525 condors for 1.50, IV 47.59%, deltas -.06 +.06
Back to normal… can’t live in fear forever.
SPX 0-dte trades for 4/14/25
#SPX0dte Sold to Open $SPX Apr 14th 5280/5260 put spreads for 1.00, IV 62.68%, delta -.09
IV and EM have dropped a lot since Friday. Still too cautious to sell call side since I got crushed last Monday by a headfake, and would have been crushed again Wednesday had I been short.
Earnings 4/14 – 4/18
Econ Calendar 4/14 – 4/18
Friday markets are closed for Good Friday
SPX 0-dte trades for 4/10/25
#SPX0dte Sold to Open $SPX Apr 10th 5100/5080 put spreads for 1.00, IV 101.07%, delta -.06
SPX 0-dte trades for 4/8/25
#SPX0dte Sold to Open $SPX Apr 8th 5410/5430 call spreads for .80, IV 88.40%, delta +.06
Up 3.6%, this would require a 6% up day to be breached. Certainly not impossible in this market but I waited to make sure the rally didn’t have massive follow through. I also bought a cheap long put spread before the open, 4870/4850mfor .55. That’ll be a bust unless we get a collapse. Fingers crossed! Maybe Bill Ackerman can say something bearish today.
SPX 0-dte trades for 4/7/25
#SPX0dte Sold to Open $SPX Apr 7th 4650/4675-5250/5275 condors for 1.65, IV 129.50%, deltas -.06 +.05
I was building put spreads to sell at the bottom and by the time I entered the trade we were headed back up so I missed it. Now I sold where we opened and I’m immeditaly getting crushed by a spike rally.
Earnings 4/7 – 4/11
Econ Calendar 4/7 – 4/11
SPX 0-dte trades for 4/4/25
#SPX0dte Sold to Open $SPX Apr 4th 5010/5030-5410/5430 condors for 1.50, IV 85.13%, deltas -.06 +.07
March Jobs Report
#Jobs — More gains, UE ticks higher
Gain of +228,000 non-farm payroll jobs, vs. expected gain of 140K
Unemployment up 0.1 to 4.2%
U6 unemployment 7.9%, down by 0.1%
Labor force participation up 0.1 to 62.5%
Average hourly earnings up by 0.3%; +3.8% Y/Y
February jobs revised down by -34K to +289K
January jobs revised down by -14K to +111K
SPX 0-dte trades for 4/3/25
#SPX0dte Sold to Open $SPX 5320/5340-5600/5620 condors for 1.50, IV 55.26%, deltas -.06 +.05
Plenty wide but expected move +/- 65.00 at moment.
SPX 0-dte trades for 4/2/25
#SPX0dte Sold to Open $SPX Apr 2nd 5480/5500-5695/5715 condors for 1.45, IV 39.14%, deltas -.05 +.06, at 9:56 ET
Wasn’t planning to trade today as the Trump presser was going to be during market, but it is now at 4pm, market close. Volume is down meaning traders are waiting. Nonetheless, another day of opening lower and bouncing higher, but I waited until at least the appearance of consolidation.
