#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.

#SPX0dte Sold to Open $SPX Jun 17th 5905/5925-6060/6080 condors for 1.15, IV 23.91%, deltas -.06 +.06

#SPX0dte Sold to Open $SPX Jun 16th 5920/5940-6065/6085 condors for 1.20, IV 22.78%, deltas (from IB) -.07 +.06

#SPX0dte Sold to Open $SPX Jun 12th 5905/5925-6065/6085 condors for 1.20, IV 24.76%, deltas (from IB) -.06 +.05

#SPX0dte Sold to Open $SPX Jun 11th 5960/5980-6105/6125 condors for 1.30, IV 22.39%, deltas -.07 +.06

#SPX0dte Sold to Open $SPX Jun 10th 5925/5945-6065/6085 condors for 1.15, IV 21.76%, deltas -.07 +.05

#SPX0dte Sold to Open $SPX Jun 9th 5920/5940-6060/6080 condors for 1.45, IV 22.91%, deltas -.07 +.06

#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.

#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).

#SPX0dte Sold to Open $SPX Jun 4th 5880/5900-6025/6045 condors for 1.15, IV 22.16%, deltas -.06 +.06

#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.

#SPX0dte Sold to Open $SPX June 2nd 5785/5805-5955/5975 condors for 1.40, IV 28.03%, deltas -.06 +.08

#SPX0dte Sold to Open $SPX May 30th 5780/5800-5980/6000 condors for 1.30, IV 31.70%, deltas -.06 +.05

#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

#SPX0dte Sold to Open $SPX May 28th 5835/5855-5985/6005 condors for 1.20, IV 22.89%, deltas -.06 +.06

#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.

#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

#SPX0dte Sold to Open $SPX May 20th 5860/5880-6005/6025 condors for 1.15, IV 22.76%, deltas -.06 +.06

#SPX0dte Deltas are whacked on TOS as well as IB, so I’m waiting until after the open.

#SPX0dte Sold to Open $SPX 5825/5845-5985/6005 condors for 1.30, IV 25.55%, deltas -.06 +.06

#SPX0dte Sold to Open $SPX May 15th 5775/5795-5945/5965 condors for 1.15, IV 26.18%, deltas -.06 +.06

#SPX0dte Sold to open $SPX May 14th 5790/5810-5955/5975 condors for 1.15, IV 25.32%, deltas -.06 +.05

#SPX0dte Sold to Open $SPX May 13th 5745/5765-5920/5940 condors for 1.15, IV 27.56%, deltas -.06 +.05

#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.

#SPX0dte Sold to Open $SPX May 9th 5570/5590-5760/5780 condors for 1.30, IV 31.14%, deltas -.06 +.05

#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.

#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.

#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.

#SPX0dte Sold to Open $SPX May 5th 5535/5555-5730/5750 condors for 1.35, IV 33.93%, deltas -.06 +.07

#SPX0dte Sold to Open $SPX May 2nd 5530/5550-5740/5760 condors for 1.15, IV 37.04%, deltas -.05 +.06

#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.

#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.

#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.

#SPX0dte Sold to Open $SPX Apr 25th 5320/5420-5585/5605 condors for 1.50, IV 47.76%, deltas -.06 +.06

#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.

#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.

#SPX0dte Sold to Open $SPX Apr 22nd 5060/5080-5315/5335 condors for 1.35, IV 47.18%, deltas -.07 +.05

#SPX0dte Sold to Open $SPX Apr 21st 5080/5100-5350/5370 condors for 1.40, IV 50.19%, deltas -.05 +.06

#SPX0dte Sold to Open $SPX Apr 17th 5140/5160-5415/5435 condors for 1.45, IV 52.58%, deltas -.06 +.05

#SPX0dte Sold to open $SPX Apr 16th 5190/5210-5475/5495 condors for 1.25, IV 54.90%, deltas -.06 +.05

#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.

#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.

#SPX0dte Sold to Open $SPX Apr 10th 5100/5080 put spreads for 1.00, IV 101.07%, delta -.06

#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.

#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.

#SPX0dte Sold to Open $SPX Apr 4th 5010/5030-5410/5430 condors for 1.50, IV 85.13%, deltas -.06 +.07

#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.

#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.

#SPX0dte Sold to Open $SPX Apr 1st 5460/5480-5680/5700 condors for 1.30, deltas -.06 +.04. IV is unknown as Schwab options chain not showing IV or EM on today’s options chain. I will use a stop of 2.00 in premium for each side of the condor today.

#SPX0dte Sold to Open $SPX Mar 31st 5650/5670 call spreads for .55, IV 46.16%, delta +.06

Delta readings on put side seem off and I feel I’ll have a better chance to sell that side after the open.

#SPX0dte Sold to Open $SPX Mar 28th 5565/5585-5755/5775 condors for 1.45. Order on at open, filled 1 minute later… IV and delta at time of fill: 33.47%, -.07 +.05

#SPX0dte Sold to Open $SPX Mar 26th 5605/5625-5760/5780 condors for 1.35, IV 29.26%, deltas -.06 +.06

Waited for at least the appearance of stabilization.

#SPX0dte Sold to Open $SPX Mar 26th 5690/5710-5830/5850 condors for 1.15, IV 21.89%, deltas -.06 +.05 (same strikes as yesterday)

#SPX0dte Sold to Open $SPX Mar 25th 5690/5710-5830/5850 condors for 1.20, IV 22.77%, deltas -.07 +.05

#SPX0dte Like last Monday, a noticeable drop in expected move and narrowing on delta 6 condor. But this time it’s a bigger change… down to only 155 point width. Pre-market deltas have tended to be unreliable so I’m going to wait until after the 9:45am data.

#SPX0dte Fourteen minutes after the bell, sold to Open $SPX Mar 21st 5505/5525-5725/5745 condors for 1.50, IV 40.25%, deltas -.06 +.05

#SPX0dte Sold to Open $SPX Mar 20th 5510/5530-5725/5745 condors for 1.50, IV 39.29%, IV -.05 +.06

Sold a minute after the bell near opening lows. The deltas shifted about 20 points downward at the open from where they had been in pre-market. But then we bounced off open lows and deltas went back to pre-market levels. Makes it a quandary whether to wait for opening volatility or to sell in relative calm of premarket.

#SPX0dte Given the high volatility for Fed decision I was able to get a buck for extra wide condor, rather than going for riskier 6-delta strategy, which is going for about 1.80. I’ll be comfortable with this going into the press conference provided there is no significant movement before then.

Sold to Open $SPX Mar 19th 5480/5500-5735/5755 condors for 1.00, IV 42.46%, deltas -.04 +.04

#SPX0dte At the open bell, sold to open $SPX Mar 18th 5550/5570-5735/5755 condors for 1.60, IV 33.78%, deltas -.07 +.05

#SPX0dte Sold to Open $SPX Mar 17th 5515/5535-5715/5735 condors for 1.50, IV 35.81%, deltas -.06 +.06

IV and width have gotten smaller than any day of last 2 weeks.

#SPX0dte Sold to Open $SPX Mar 14th 5430/5450-5665/5685 condors for 1.50, IV 41.25%, deltas -.07 +.05

Lowest chain IV of the week to start the day… I think premarket deltas a bit off and will shift toward upside at the open.

#SPX0dte Sold to Open $SPX Mar 13th 5455/5475-5690/5710 condors for 1.60, IV 43.46%, deltas -.05 +.07

#SPX0dte Sold to Open $SPX Mar 12th 5475/5495-5745/5765 condors for 1.50, IV 49.55%, deltas -.05 +.07

Orders in to close puts for .35 and calls for .15

#SPX0dte Sold to Open $SPX Mar 11th 5440/5460-5725/5745 condors for 1.80, IV 55.01%, deltas -.06 +.06

Orders in to close put side for 40 and call side for 20

#SPX0dte Sold to Open $SPX Mar 7th 5565/5585-5860/5880 condors for 1.85, IV 55.52%, deltas -.06 +.06

Very wide condor after two days where the swings were dramatic but not breaching 6-delta stop points. I know more data and Powell/Trump speeches coming this afternoon. I will endeavor to close both sides before close.

#SPX0dte Sold to Open $SPX Mar 3rd 5845/5865-6040/6060 condors for 1.30, IV 30.13%, deltas -.06 +.05

#SPX0dte Sold to Open $SPX Feb 26th 5870/5890-6030/6060 condors for 1.20, IV 27.17%, deltas -.06 +.06

Waited until 15 minutes after open to place trade. First day in 6 that we haven’t seen a sharp move occur before this time. It may be quieter today as traders await $NVDA earnings after the bell.

#SPX0dte Entered a risky risk-reversal on this last bounce.
Sold to Open $SPX Feb 25th 5980/6000 call spreads
Bought to Open Feb 25th 5890/5875 put spreads

Total CREDIT +.50.

After entering I went in the hole a dollar, but then the next drop started. Looking to hold the long puts for a big drop, preferably below 5900.