#spx0dte
@9:39, very nervous with the low premium but it is my day off so…
SELL -1 IRON CONDOR SPX 100 (Weeklys) 22 MAR 24 5245/5275/5240/5210 CALL/PUT @13.30 LMT IV:18.4
bracket:
limit: 11.95
Stop limit: 16.7/16.9
Tag Archives: spx0dte
SPX 0-dte 3/21/24
#SPX0dte At 9:31 ET, sold to Open $SPX 5220/5250-5255/5285 condors for 14.00, IV 16.41%
Premium on this went from 13.75 at open to now 14.20, even though SPX wasn’t moving dramatically.
20-winged test trade going for 11.85
No SPX trade 3/20/24
#SPX0dte Taking the day off to avoid possible volatility from FOMC rate decision.
I am watching a test position:
Sold $SPX Mar 20th 5140/5170-5175/5205 condors for 21.30, IV 31.70% at 9:39 ET
I want to see how much premium drop we can get before the 2pm event.
SPX 0 DTE
#spx0dte
$SPX STO 3/19 5105/5135-5140/5170 at 17.25 at open
Closed at 15.50 around 9:45. 10% of max. Would have $1 more of profit if closed now. BTC order placed at same time as the STO fill. Satisfied. Greed was avoided.
SPX 0-dte 3/19/24
#SPX0dte Given the 30-point move in the last 4 hours and also IV at over 20%, I’m going to wait for the open.
SPX 0-dte 3/18/24
#SPX0dte Sold to Open $SPX Mar 18th 5125/5155-5160/5190 condors for 15.60, IV 17.7%
20-winged test trade going for 12.75
SPX 0-dte 3/15/24
#SPX0dte Sold to Open $SPX 5130/5150-5155/5185 condors for 18.00, IV 22%
20-winged test going for 14.00.
SPX 0-dte 3/14/24
#SPX0dte Sold to Open $SPX Mar 14th 5145/5175-5180/5210 condors for 15.25, IV 18.29%
20-winged test going for 12.40
SPX 0DTE Iron Fly
$SPX STO 3/13 5155/5175/5195 Iron Fly at 13.30 around 9:45
$SPX BTC 3/13 5155/5175/5195 Iron Fly at 11.25 around 12:00
15% of max
SPX 0-dte 3/13/24
#SPX0dte Sold to Open $SPX Mar 13th 5140/5170-5175/5205 condors for 14.65, IV 16.55%
20-winged test going for 11.95.
SPX 0-dte 3/12/24
#SPX0dte At 6:33a, Sold to Open $SPX Mar 12th 5110/5140-5145/5175 condors for 17.40, IV 23.67%
20-winged test trade went for 13.85
SPX 0-dte 3/11/24
#SPX0dte Sold to Open $SPX Mar 11th 5070/5100-5105/5135 condors for 18.80, IV 23.39%
20-winged test at 14.50
This is high IV and high premium for a day with nothing major scheduled. $VIX is up as well. CPI report tomorrow morning.
SPX 0dte 3/8/24
#SPX0dte Sold to Open $SPX Mar 8th 5140/5170-5175/5205 condors for 17.35, IV 22.1%
20-point-winged test trade was at 13.65
SPX 0-dte 3/7/24
#SPX0dte Sold to Open $SPX Mar 7th 5095/5125-5130/5160 condors for 16.90, IV 19.87%
20-pt winged test trade selling for 13.40
SPX 0-dte 3/6/24
#SPX0dte Sold to Open $SPX 5075/5105-5110/5140 condors for 17.30.
Internet issues delayed me… when I first entered this it was going for 18.00. Very irritating.
This is a touchy day… Market is trending higher, and Powell will testify before Congress starting at 10am. We also have JOLT jobs report coming. Going for 10% only.
SPX 0-dte 3/5/24
#SPX0dte Sold to Open $SPX Mar 5th 5080/5110-5115/5145 condors for 15.00, IV 16.64%
SPX 0DTE
#spx0dte
At the open 9:40 execution
$SPX STO 3/4 5115/5135/5135/5155 Iron Fly at 12
I was out all day so immediately set a BTC order before leaving for the day
It was executed at 11:41
$SPX BTC 3/4 5115/5135/5135/5155 Iron Fly at 9.80
18% of max profit achieved.
SPX 0-dte 3/4/24
#SPX0dte Sold to Open $SPX Mar 4th 5095/5125-5130/5160 condors for 12.70, IV 14.57%
That’s lowest premium I’ve seen yet, I guess because IV is low and no economic events today, other than FOMC member Harker speaking at 11am ET.
SPX 0-dte 3/1/24
#SPX0dte Sold to Open $SPX Mar 1st 5070/5100-5105/5125 condors for 16.90, IV 20.14%
SPX 0-dte trades 2/29/24
#SPX0dte After the open, sold to open $SPX Feb 29th 5065/5095/5125 Iron Butterflys for 18.00, IV 20.93%
Small accounts: 5060/5090-5095/5125 condors for 16.35.
SPX #spx0dte I am waiting…
SPX
#spx0dte
I am waiting a bit due to the high EM numbers.
SPX 0-dte trades 2/28/24
#SPX0dte Sold to Open $SPX 5040/5070/5100 Iron Butterflys for 15.95, IV 16.34%
Small accounts: 5035/5065-5070/5100 for 13.90.
Overnight test: IC centered at 5075-5080 sold for 15.50, was up to 16.75 earlier but is now in profit since SPX has risen closer to the center.
SPX 0-dte trades 2/27/24
#SPX0dte Sold to Open $SPX Feb 27th 5045/5075/5105 Iron Butterflys for 16.55, IV 16.57%
Small accounts: 5040/5070-5075/5105 condors for 14.65.
NOTE: I placed similar PAPER positions at the close last night (the IB was 5 points lower), and since we are little changed from yesterday’s close, the IB gained 1.50 on the IC about 1.75. My day could be over before the open had these been my real trades. I’m going to be testing night-before paper trades for future consideration.
SPX trades 2/26/24
#SPX0dte Sold to Open $SPX 5060/5090/5120 Iron Butteflys for 16.20, IV 16.3%
Small accounts: 5055/5085-5090/5120 condors for 14.35.
SPX 0DTE
#spx0dte
At the open
$SPX STO 2/23 5055/5085/5120 iron fly at 20.75 Typo made the call wing 5 longer
aAt 10:55
$SPX BTC 2/23 5055/5085/5120 iron fly at 18.25 10% profit.
Looked like a loss first hour. If it was still on, profit would now be 1.45 higher. But 10% is a good trade
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 22nd 5020/5050/5080 Iron Butterflys for 18.70, IV 21.45%
Small accounts: 5020/5050-5055/5085 condors for 16.85
Waited until after weekly jobs data, but still some economic data coming after the open. I leaned a few points bullish on this, but with the strong overnight trend this one could be a bit touchy if the strength continues after the open.
SPX 0-dte study
#SPX0dte I did a mini-study today to back test WAITING UNTIL EXPIRATION . I went from April 5, 2021, which was the first day we breached SPX 4000, to 2/13/24. I tested the IB with 30-pt wings. Premium taken in of $16 each day.
Total trading days:721
Total wins: 276, $2,370
Total losses: 445, -$5,147
So, definitely not looking beneficial over long term to wait until the close. I suspected this, but wanted to make sure. If we increased premium to $17 or $18 we’d get closer to even but I still think it would be a loss.
SPX 0-dte 2/21/24
#SPX0dte Sold to Open $SPX Feb 21st 4930/4960/4990 #IronButterfly for 18.95, IV 20.1%
Small accounts: 4925/4955-4960/4990 condors for 17.40
Sold a bit earlier than normal so risking premarket moves, with intention of benefitting from premarket volatility drop.
SPX 0-dte 2/20/24
#SPX0dte Sold to Open $SPX Feb 20th 4960/4990/5020 #IronButterfly for 16.85, IV 18.6%
Small accounts: 4960/4990-4995/5025 condors for 14.85.
SPX 0-dte 2/16/24
#SPX0dte Sold to Open $SPX 4995/5025/5055 #IronButterfly for 17.845
Small accounts: Sold 4990/5020-5025/5055 condors for 16.20.
Sorry I forgot to press “Post” on this but the trade was placed at 6:37am
SPX 0dte 2/15/24
#SPX0dte Sold to Open $SPX Feb 15th 4975/5005/5035 #IronButterfly for 17.00, IV 19.3%
Small account alternative: Sold 4970/5000-5005/5035 condors for 15.40
SPX 0 DTE #spx0dte This…
SPX 0 DTE
#spx0dte #TastyTrade
This is another interesting Tastytrade video, comparing IC vs IF winning rates and daily P/L :
SPX 0 DTE
$SPX STO 12/14 4950/4980 BUPS at 10.65. Sold at first red dip since the IB wasn’t filled.
$SPX BTC 12/14 4950/4980 BUPS at 8.00. 25% of max.
SPX 0-dte 2/13/24
#SPX0dte Wiaitng until afetr CPI report, probably until the open.
I checked ATM prices before the report and they are over 21.00 for the Iron Butterfly, so about the same as it was at last night’s close, so no benefit to placing the trade day before.
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 12th 4995/5025/5055 #IronButterfly for 14.90, IV 15.23%
Small account alt: 4995/5025-5030/5060 condors for 12.80
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 9th 4975/5005/5035 Iron Butterfly for 16.70, IV 19.3%
Small account alternative: 4970/5000-5005/5035 condor for 14.85.
Sold right after the open.
SPX 0 DTE BUPS
$SPX STO 2/8/2024 4990/4960 at 6.50
$SPX BTC 2/8/2024 4990/4960 at 3.00. 53% profit
I was out all day. Should never put on one of these trades if you are not THERE. I had a BTC order in after the STO and it was hit.
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 8th 4960/4990/5020 IB for 16.70, IV 17.44%, 5:53am
Small account alternative: 4955/4985/4990/5020 condors for 15.10.
SPX 0-dte
#SPX0dte Sold to Open $SPX Feb 6th 4915/4945/4975 iron butterflys for 15.868, IV 16.62% (ask set for 15.85, but some filled for 15.90)
Small accounts: Sold to Open $SPX Feb 6th 4915/4945-4950/4980 condors for 13.80.
SPX0dte
#SPX0dte Starting a new hashtag today to represent a shift in strategy, using a same-day #IronButterfly in non-volatile periods on days where no big moves are expected. I will still likely use condors on some days.
At 5:26am, Sold to Open $SPX Feb 5th 4920/4950-4950/4980 iron butterflys for 17.25, IV 19.5%. Profit goal is at least 10% of max, so close order is in to buy back for 15.50. Stop will be manual, I will look to exit if premium reaches 20.75.
I also have a tight condor in accounts that are under or near $25K, i have a tight condor as an alternative to avoid pattern day trading violations. This is 4915/4945-4950/4980 condors for 15.40. The order to close set for 13.85.
Matt 0 DTE With Tasty Assist
#spx0dte
Tried it this morning
$SPX STO 1/26 4870/4900 BUPS at 7.10
Closed hour later at 4.70. 33% of max profit.
Video on @matt311 SPX 0DTE Post
@matt0311 I think this is the video you were referencing. #TastyTrade #SPX0dte
Thanks for sharing it.
SPX Jan 24th comparision #spx0dte…
SPX Jan 24th comparision
#spx0dte
I came across a Tastylive video where they looked into the success rate of Iron Flies with 30 points wide wings on 0 DTE SPX trades( i wish I could find that video again as it shows the rates for different profit targets very well). I am running some paper trades and so far they are looking very promising.
For example today: I followed Jeff’s trade and it is still running and meandering around the 50$ profit within a more and more volatile market. I also opened and Iron Fly with 4860/4890/4920 as a paper trade for 14.75 credit. My profit target for the Fly is between 7.5 to 10% of the credit received. I was able to close after just 35 minutes for the 7.5% target at13.50, adding 112 to my paper trade account. And that is how it was working for now about 8 trading days.
What I like:
- although 30 points width, your tail risk is lower, 1,800 to 1,900 on the IC vs 1,500 or less on the IF
- with a clear defined relatively low profit target (between 5 to 10%) your are out of a trade very quick.
Am I missing something?
SPX Strategy
#spx0dte
At the open
$SPX STO 4915/4925 at .96
Closed at .15 ten minutes ago.
SPX Trade Leg In – Neck out??
#spx0dte
$SPX STO 4660/4680 – 4795/4775 at 1.10
SPX 12/5
#spx0dte
STO 12/5 $SPX 4500/4520 – 4595/4615 at .85
Options Bistro 