#SPX1dte Sold to Open $SPX Apr 22nd 4905/4925-5050/5070 condors for 1.30, IV 26.35%, deltas -.07 +.06
Tag Archives: SPX1dte
SPX 0-dte for 4/16/24
#SPX0dte Sold to Open $SPX 4955/4975-5140/5160 condors for 1.30, IV 34%, deltas -.05 +.07
SPX 0-dte trades 4/9/24
#SPX1dte Sold to Open $SPX Apr 9th 5180/5210-5215/5245 condors for 15.15, IV 16.64%, at 9:28 ET
SPX 0-dte 4/1/24
#SPX0dte Sold to Open $SPX Apr 1st 5230/5260-5265/5295 for 12.80, IV 14.78%
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 Tasty Iron Flies
#spx1dte
SOLD yesterday at 3:30
$SPX STO 2/29 5035/5065/5095 at 20.00
Closed at 11:00
$SPX BTC 2/29 5035/5065/5095 at 18.00. 10% of max profit
Sold today at open
$SPX STO 2/29 5050/5080/5110 at 19.44
Closed at 10:45
$SPX BTC 2/29 5050/5080/5110 at 15.50. 20% of max profit
SPX trades 2/2
#SPX1dte Sold to Open $SPX Feb 2nd 4835/4855-4970/4990 condors for 1.15, deltas -.06 +.06, IV 25.5%
SPX trades 2/1
#SPX1dte Sold to Open $SPX Feb 1st 4785/4805-4910/4930 condors for 1.05, deltas -.05 +.06, IV 22.1%
SPX 1-dte
#SPX1dte Not trade until after the Fed announcement
I did put on paper trades for the IB and 5-pt wide IC strategies, this time with both 30-point and 40-point wings.
SPX trades 1/30
#SPX1dte Sold to Open $SPX Jan 30th 4860/4880-4955/4975 condors for 1.35, deltas -.08 +.08 IV 17.6%
Aggressive again on deltas… JOLT jobs report at 10am ET
SPX trades 1/29
#SPX1dte Sold to Open $SPX Jan 29th 4835/4855-4925/4945 condors for 1.20, deltas -.09 +.07 IV 16.4%
A bit aggressive on deltas for what have been quiet Mondays lately.
SPX trades 1/26
#SPX1dte Sold to Open $SPX Jan 26th 4825/4845-4935/4955 condors for 1.25, deltas -.08 +.05, IV 20.3%
SPX trades 1/25
#SPX1dte Sold to Open $SPX Jan 25th 4815/4835-4920/4940 condors for 1.00, deltas -.06 +.06, IV 18.15%
SPX Jan 24th comparision #spx0dte…
SPX Jan 24th comparision
#spx0dte
I came across a Tastylive video where they looked into the success rate of Iron Flies with 30 points wide wings on 0 DTE SPX trades( i wish I could find that video again as it shows the rates for different profit targets very well). I am running some paper trades and so far they are looking very promising.
For example today: I followed Jeff’s trade and it is still running and meandering around the 50$ 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 trades 1/24
#SPX1dte Sold to Open $SPX Jan 24th 4825/4845-4925/4945 condors for .85, deltas -.07 +.05, IV 15.6%
SPX trades 1/23
#SPX1dte Sold to Open $SPX Jan 23rd 4800/4820-4890/4910 condors for 1.30, deltas -.09 +.07, IV 16.5%
This is fairly tight and aggressive, so needs a quiet day to slip through.
SPX trades 1/22
#SPX1dte Sold to Open $SPX Jan 22nd 4790/4810-4895/4915 condors for 1.05, deltas -.07 +.06, IV 17.7%
SPX trades 1/19
#SPX1dte Sold to Open $SPX Jan 19th 4750/4730 put spreads for .50, delta -.08, IV 20.6%
I will be able to see my long Jan 19th 4845/4865 call spreads for at least some profit today. Looking for another spike up to sell first half. I will also look to sell a higher call spread at that point.
SPX trades 1/18
#SPX1dte Sold to Open $SPX Jan 18th 4690/4710-4790/4810 condors for 1.40, deltas -.08 +.08, IV 18.6%
SPX trades 1/17
#SPX1dte Sold to Open $SPX Jan 17th 4680/4700-4790/4810 condors for 1.05, deltas -.06 +.06, IV 20%
SPX trades 1/16
#SPX1dte STOPPED Bought to close $SPX Jan 16th 4730/4710 put spreads for 1.70. Condors sold Friday for 1.05.
May be only second or third time I have ever gotten up two hours early because I rolled over in bed to check futures on my phone. Last January being down 27 points on SPX was not a worry, but with this year’s tighter spreads it is the stopping point. Stop was touched soon after midnight PT.
I’ll be back at normal waking hours to look for a new condor sale.
SPX 1dte
#SPX1dte Sold to Open $SPX Jan 16th 4710/4730-4840/4860 condors for 1.05, deltas -.07 +.06, IV 7.3%
SPX trades 1/12
#SPX1dte Sold to Open $SPX Jan 12th 4710/4730-4820/4840 condors for 1.10, deltas -.06 +.07, IV 20.6%
SPX trades 1/11
#SPX1dte Right after the data release, sold to open $SPX Jan 11th 4720/4700 put spreads for .80, delta -.07, IV 24.9%.
Inflation hotter than expected, which means my long call spreads may be doomed.
SPX trades 1/10
#SPX1dte Sold to Open $SPX Jan 10th 4700/4720-4790/4810 condors for 1.20, deltas -.08 +.07, IV 16.9%
SPX trades 1/9
#SPX1dte. Whipsaw week so far. Stopped out before the open on put side for 2.70.
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 9th 4700/4720-4805/4825 condors for .95, deltas -.07 +.04, IV 11%
SPX trades 1/8
#SPX1dte Sold to Open $SPX 4645/4660-4740/4755 condors for .80, deltas -.06 +.05, IV 17.7%
This is 15-wide wings, not my usual 20. For some reason I got “invalid order” when I tried it with the 4640 & 4760 long options, so perhaps one of them isn’t offered. Due to the lower risk with 150wide, I increased my position size by about a third.
SPX trades 1/5
#SPX1dte Waited for 30 minutes after Jobs report…
Sold to Open $SPX Jan 5th 4620/4640-4735/4755 condors for 1.05, deltas -.06 +.06, IV 22.1%
SPX trades 1/4
#SPX1dte Sold to Open $SPX Jan 5th (next day) 4625/4645-4780/4800 condors for 1.00, deltas -.05 +.05, IV 15.5%
Today’s condor nicely centered and should expire. This new one is for tomorrow… there is the Jobs report in the morning, but I’m getting a nice width here so I’m comfortable.
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 4th 4635/4655-4750/4770 condors for .95, deltas -.05 +.06, IV 12.4%
Condor from this morning expired. My error in setting up a close order led me to keep watch, and since we didn’t went lower than the morning dip (until right before the close), I rode it out to victory!
SPX 1-dte
#SPX1dte Sold to Open $SPX Jan 3rd 4670/4690-4775/4795 condors for 1.05, deltas -.06 +.05, IV 18.9%
SPX trades 1/2
#SPX1dte Sold to Open $SPX Jan 2nd 4680/4700-4795/4815 condors for 1.10, deltas -.06 +.05, IV 20.7%
SPX trades 12/29
#SPX1dte Sold to Open $SPX Dec 29th 4720/4740-4825/4845 condors for .90, deltas -.06 +.06, IV 18.7%
Third day out of four this week that I have doubled down, taking advantage of the typically quiet holiday week. Watching today closely in case there is any larger moves due to last-day-of-year loading or unloading.
SPX trades 12/28
#SPX1dte Doubling down with a second condor: Sold to Open $SPX Dec 28th 4735/4755-4820/4840 condors for .90, deltas -.09 +.05, IV 14.9%
This is 20 points higher on put side and 5 points higher on call side.
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 28th 4715/4735-4815/4835 condors for .90, deltas -.07 +.06, IV 10.6%
Expiring: Dec 27th 4845/4825 put spreads, sold yesterday for .80
SPX trades 12/26
#SPX1dte Adding to condor sold on Friday: Sold to Open $SPX Dec 26th 4705/4725-4790/4810 condors for 1.15, deltas -.07 +.07, IV 15.7%. Obviously, I’m assuming a pretty quiet day.
SPX 1-dte
#SPX1dte Sold to Open $SPX Dec 26th 4690/4710-4800/4820 condors for 1.00, deltas -.06 +.06, IV 6.4%
SPX trades 12/22
#SPX1dte Sold to Open $SPX Dec 22nd 4690/4710-4800/4820 condors for 1.25, deltas -.08 +.07, IV 21.4%
SPX trades 12/21
#SPX1dte Sold to Open $SPX Dec 21st 4665/4685-4775/4795 condors for 1.35, deltas -.11 +.07, IV 21%
Aggressive on downside as bounce is likely.
SPX trades 12/19
#SPX1dte Sold to Open $SPX Dec 19th 4720/4700 put spreads for .60, delta -.10, IV 14.2%
This is a bonus spread; my condor from yesterday still on.
SPX next day
#SPX1dte Filled 23 seconds after closing bell: Sold to Open $SPX Dec 19th 4685/4705-4785/4805 condors for .95. I wasn’t at my screen, but I estimate deltas were -.09 +.04
SPX 1dte
#SPX1dte Sold to Open $SPX Dec 18th 4670/4690-4760/4780 condors for .85, deltas -.06 +.06, IV 15.3%
SPX trades 12/15
#SPX1dte Sold to Open $SPX Dec 15th 4675/4655 put spreads for .75, delta -.08, IV 21.05%
SPX trades 12/14
#SPX1dte Sold to Open $SPX Dec 14th 4650/4670-4765/4785 condors for .95, deltas -.06 +.06, IV 21%
SPX trades 12/13
#SPX1dte Unable to sell any puts as market just ran. Profit is availabe on the #RiskReversal I sold yesterday… gonna try to pick a top.
SPX trades 12/12
#SPX1dte #RiskReversal
Sold to Open $SPX Dec 13th (next day) 4520/4500 put spreads
Bought to Open Dec 13th 4700/4720 call spreads
Net DEBIT .50
I will hold this until after Fed press conference tomorrow, in case ultimate market reaction is bullish
SPX trades 12/11
#SPX1dte Sold to Open $SPX Dec 11th 4550/4570-4635/4655 condors for 1.05, deltas -.08 +.06, IV 16.2%
SPX trades 12/8
#SPX1dte Sold to Open $SPX 4515/4535-4630/4660 condors for 1.00, deltas -.05 +.07, IV 21.65%
Muted reaction to Jobs number, wish I could have sold before the report but been burned too many times this year.
SPX trades 12/7
#SPX1dte Sold to Open $SPX Dec 7th 4500/4520-4590/4610 condors for .90, deltas -.07 +.06, IV 16.7%
Weekly jobless claims came in exactly as expected so market has no meaningful reaction. Tomorrow’s MONTHLY job number may have more impact as we have both CPI and Fed Decision coming next week.
SPX trades 12/6
#SPX1dte Sold $SPX Dec 6th 4555/4535 put spreads for 1.15, delta -.17
SPX trades 12/5
#SPX1dte Bought to close $SPX Dec 5th 4610/4630 call spreads for .10. Condors sold yesterday for 1.45. 4520/4500 put spreads still short. Econ data coming at 9:45 & 10 ET.
SPX trades 12/4
#SPX1dte Sold to Open $SPX Dec 4th 4525/4545-4620/4640 condors for 1.15, deltas -.07 +.07, IV 18%
SPX trades 12/1
#SPX1dte Sokd to Open $SPX 4515/4535-4610/4630 condors for .65, deltas -.06 +.05, IV 20.2%
Waited until Powell finished remarks and for Q&A to begin. Went with less aggressive deltas, so I have less chance of stepping in sh*t on a Friday.
SPX trades 11/30
#SPX1dte Sold to Open $SPX Nov 30th 4525/4505 put spreads for .55, delta -.09, IV 18.45%. Sold 4 minutes after jobless claims and other data released.
SPX trades 11/29
#SPX1dte Sold partial of $SPX Nov 29th 4590/4610 call spreads for 3.00. Bought yesterday for .30.
Overnight rally came through. Now bouncing around after GDP numbers came in a bit above estimates and some yapping from Fed members.
SPX trades 11/28
#SPX1dte Condor sold yesterday is doing fine so will allow to expire unless challenged
Sold to Open $SPX Nov 29th (next day) 4485/4505-4585/4605 condors for 1.00, deltas -.07 +.06, IV 10.4%
SPX trades 11/27
#SPX1dte Sold to Open $SPX Nov 27th 4510/4530-4585/4605 condors for 1.10, deltas -.09 +.06, IV 14.5%
No trade
#SPX1dte Not enough premium on the usual 6-delta spreads so I may not be placing a trade today. I’ll take another look after the open.
SPX trades 11/22
#SPX1dte Sold to Open $SPX Nov 22nd 4495/4515-4585/4605 condors for 1.00, deltas -.09 +.06, IV 17.1%
SPX 1-dte
#SPX1dte Sold to Open $SPX Nov 21st 4490/4510-4590/4610 condors for .95, deltas -.08 +.05, IV 10.95%
SPX trades 11/20
#SPX1dte Sold to Open $SPX Nov 20th 4460/4480-4540/4560 condors for 1.40, deltas -.09 +.10, IV 16.8%
This may be narrowest condor I’ve sold in early AM and also highest deltas. The next deltas out were -.07 and only +.04. So I went more aggressive with a width of 60 rather than 70. Market is expecting a quiet holiday week.
SPX trades 11/17
#SPX1dte Going for another #RiskReversal. If it doesn’t pull through I will sell a lower call spread.
Sold to Open $SPX Nov 17th 4475/4455 put spreads, delta -.08
Bought to Open Nov 17th 4565/4585 call spreads, delta +.04
Net CREDIT .10
SPX trades 11/16
#SPX1dte Sold to Open $SPX Nov 16th 4440/4460-4545/4565 condors for 1.00, deltas -.07 +.06, IV 20%
SPX trades 11/15
#SPX1dte Super late to game but with retail sales number coming and already strong $TGT earnings, going with bullish #riskreversal…
Sold $SPX Nov 15th 4460/4440 put spreads, delta -.08
Bought 4570/4590 call spread, delta +.05
Net CREDIT .05
SPX trades 11/13
#SPX1dte Waiting for the open to sell. Call premiums are much higher than put premium at comparable deltas.
SPX trades 11/13
#SPX1dte Sold to Open $SPX Nov 13th 4345/4365-4450/4470 condors for 1.00, deltas -.06 +.05, IV 20.3%
SPX trades 11/10
#SPX1dte Sold to Open $SPX Nov 10th 4290/4310-4400/4420 condors for .90, deltas -.05 +.05, IV 21.3%
SPX trades 11/9
#SPX1dte Sold to Open $SPX Nov 9th 4355/4335 put spreads for .65, delta -.10, IV 20.2%
SPX trades 11/8
#SPX1dte Sold to Open $SPX Nov 8th 4345/4325 put sprewads for .60, delta -.08.
Futures trending upward so I will wait until after the open to sell call side.
SPX trades 11/7
#SPX1dte Sold to Open $SPX Nov 7th 4305/4325-4395/4415 condors for 1.30, deltas -.08 +.07, IV 19.1%
Only 70-point range and aggressive deltas to get the premium over a dollar.
SPX trades 11/6
#SPX1dte Sold to Open $SPX Nov 6th 4295/4315-4405/4425 condors for .85, deltas -.06 +.06, IV 20.9%
SPX same day
#SPX1dte Sold to Open $SPX Nov 3rd 4290/4310-4390/4410 condors for 1.00, deltas -.08 +.05, IV 23.2%
Watching on tight leash as I’m at end of wining week.
SPX trades 11/2
#SPX1dte Just before close yesterday I did a bullish #RiskReversal, since reaction to Fed decision was positve.
Sold to Open $SPX Nov 2nd 4175/4155 put spreads
Bought to Open Nov 2nd 4300/4320 call spreads
Net CREDIT +0.25
This morning the call spread is doing well, and I’ll wait until after open to see if we can kick higher. I will also probably roll up the put spread.
SPX trades 10/31
#SPX1dte Sold to Open $SPX 4125/4105 put spreads for .70, delta -.08 IV 25.1%
Options Bistro 