SPX stopped

#SPX1dte Bought to close $SPX Aug 12th 4275/4295 call spreads for 1.40. Condors sold for 1.20 this morning.

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX Aug 12th 4145/4165-4275/4295 condors for 1.20, IV 27.5%, deltas -.06 +.06

SPX stopped

#SPX1dte Bought to close $SPX Aug 11th 4270/4290 call spreads for 1.90. Condors sold yesterday for 1.20. Looks like Upside Warning coming through this time.

SPX 1-dte

#SPX1dte After the closing bell, sold to open $SPX Aug 11th 4115/4135-4270/4290 condors for 1.20, IV 18.9%, deltas -.06 +.06

GOOGL Put / SPX Trade

#shortputs
$GOOGL STO 8/19 118.50 at 1.50

#spx1dte
BTC 8/10 $SPX 4230/4210 call side at .40. STO at .96. Put side expired. STO at .76. Frightening without @jeffcp66

SPX trades

#SPX1dte No trade for tomorrow as I will be traveling and don’t want to tangle with the CPI report release (inflation for July).

Expected to expire today: $SPX Aug 9th 4055/4075-4205/4225 condors, sold yesterday for 1.30

SPX trades

#SPX1dte Sold to Open $SPX Aug 9th 4055/4075-4205/4225 condors for 1.30, SPX at 4141, IV 18.84%, deltas -.07 +.05

Expiring: Aug 8th 4055/4075-4215/4235 condors, sold Friday for 1.45.

Looking to close the other half of #SX5dte Aug 10th call spread before SPX trading stops at 4:15 ET

#spx5dte

SPX trades

#SPX5dte Bought to Open $SPX Aug 10th 4160/4180 call spreads for 7.00.

Since an Upside Warning looks likely to fire at today’s close, I am going short-term bullish and only buying a call spread rather than a condor. I will look to close this Monday or Tuesday on any significant rise in SPX. The inflation number for July will be released on the 10th (Wednesday), so volatility should increase on these options and hopefully boost the price as well.

Current IV on the Aug 10th SPX option chain is 18.25%

#spx1dte

SPX 1-dte

#SPX1dte In pre-market, after the jobs report and spike down, sold to open $SPX Aug 5th 4060/4040 put spreads for 1.10.

Delta -.07 at time of fill.

SPX trades

#SPX5dte After the close, Sold to close $SPX Aug 5th 4130/4150 call spreads for 13.40. With puts closed this morning that’s 18.15 in total credit, so .95 profit on the trade. Didn’t want to risk overnight gap or jobs report before tomorrow’s open.

#SPX1dte Expiring: Aug 4th 4055/4075-4220/4240 condors, sold yesterday for 1.15.

Waiting for after jobs report to sell tomorrow’s 1-dte.

SPX 1-dte

#SPX1dte Sold to Open $SPX Aug 4th 4055/4075-4220/4240 condors for 1.15, SPX at 4158, deltas -.06 +.05

SPX stopped

#SPX1dte Bought to close $SPX Aug 3rd 4170/4190 call spreads for 2.05. Condors sold yesterday for 1.35.

SPX 1-dte

#SPX1dte Before the close, Sold to Open $SPX Aug 3rd 3990/4010-4170/4190 condors for 1.35, SPX at 4095, deltas -.06 +.06

Expired: Aug 2nd 4015/4035-4185/4205 condors, sold yesterday for 1.40.

SPX trades

#SPX1dte Sold to Open $SPX Aug 2nd 4015/4035-4185/4205 condors for 1.40, SPX at 4117, IV 21.75%, deltas -.06 +.06

Expiring worthless: Aug 1st 4025/4045-4175/4195 condors, sold this morning for 1.20.

#SPX5dte Expiring with max credit of 20.00: Aug 1st 4040/4060 call spreads. Put side sold for 1.25 on Friday. Condors bought for 17.25 on Wednesday, so 4.00 profit

SPX 1-dte

#SPX1dte In pre-market, sold to Open $SPX Aug 1st 4025/4045-4175/4195 condors for 1.20, IV 34%, deltas -.06 +.05

SPX trades

#SPX1dte Came within a few pennies of my stop but I have to leave the computer so bought to close $SPX July 29th 4045/4065 call spreads for 1.75. Condors sold yesterday for 1.25

#SPX5dte Sold to close $SPX Aug 1st 4030/4010 put spreads for 1.25. Waiting for call spreads. Condors bought for 17.25 on Wednesday.

SPX 1-dte

#SPX1dte Sold to Open $SPX July 29th 3955/3975-4145/4165 condors for 1.25, SPX at 4072, IV 24.9%, deltas -.06 +.06

Selling in afternoon for first time in weeks, since volatility has calmed down.

SPX stopped

#SPX1dte Bought to close $SPX July 27th 4080/4100 call spreads for 2.75. Condors sold this morning for 1.15.

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 28th 3925/3945-4080/4100 condors for 1.15, IV 35.9%, deltas -.06 +.05

SPX trades

#SPX1dte Using post-Fed high IV to sell some more…

Sold to Open $SPX June 27th 4020/4040 call spreads for 2.80, with SPX at 3978.

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 27th 3825/3845-4045/4065 condors for 1.60, IV 54.8%, deltas -.05 +.05

Went one lower than usual on the deltas due to Fed announcement. IV has spiked pretty high (was below 40% yesterday).

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 26th 3870/3890-4010/4030 condors for 1.20, IV 32.4%, deltas -.06 +.05

SPX 1-dte

#SPX1dte In pre-market, sold to Open $SPX July 25th 3885/3905-4030/4050 condors for 1.25, IV 33%, deltas -.06 +.06

SPX stopped

#SPX1dte Bought to close $SPX July 3925/3905 put spreads for 2.25. Condors sold for 1.25 this morning.

After a 10-dollar week last week, pretty disappointing this round with three losses and three wins, amounting to a 40-cent loss for the week.

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 22nd 3905/3925-4050/4070 condors for 1.20, IV 33.5%, deltas -.06 +.06

SPX trades

#SPX5dte After closing bell, Sold to close $SPX July 22nd 3925/3945 call spreads for 18.60. Condors bought for 17.45 on Tuesday. So 1.15 in profit but leaving put side for the morning in case we gap down.

#SPX1dte Condors sold this morning expired worthless.

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 21st 3875/3895-4035/4055 condors for 1.35, IV 38.3, deltas -.06 +.05

SPX 1-dte

#SPX1dte Sold to Open $SPX July 20th 3840/3860-4000/4020 condors for 1.35, IV 38.9%, deltas -.06 +.06

SPX 1-dte

#SPX1dte Sold to Open $SPX July 19th 3775/3795-3920/3940 condor for 1.30, IV 35%, deltas -.07 +.05

SPX stopped

#SPX1dte Stop on put side hit in last few minutes. BTC 3820 puts for 3.70. Condors sold this morning for 1.40.

SPX 1 dte

#SPX1dte In pre-market, Sold to Open $SPX July 18th 3800/3820-3945/3965 condors for 1.40, IV 35.5%, deltas -.07 +.06

SPX trades

#SPX5dte Of course the first time I try this in months I’m at risk of a bad loss. Decided to sell the put side as action yesterday and overnight was bullish. But then news spiked futures higher and ended up chasing.

Sold to close $SPX 3810/3790 put spreads for 5.40. Condors bought for 17.85 on Tuesday.

Now watching the call side.

#spx1dte

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 14th 3660/3680-3840/3860 condors for 1.15, IV 44.7%, deltas -.05 +.05

SPX 1-dte

#SPX1dte Playing the swings in pre-market: Sold to Open $SPX July 13th 3690/3670 put spreads for 1.50.
Looking to sell call spread on a bounce.

SPX trades

#SPX5dte Bought to Open $SPX July 15th 3790/3810-3820/3840 condors for 17.85. SPX at 3814, expiry IV 32.1%

First time I have tried this in awhile after being forced to abandon it late last years after a string of losses. I first developed this trade in the high volatility of spring 2020. Lately we have been seeing fairly sharp swings over 4-5 day periods, and since I’m able to get this below 18.00 I’m taking a shot. Will likely wait for expiration, but may exit early if move is large before then.

#SPX1dte Expecting this morning’s trade to expire worthless.

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 12th 3760/3780-3905/3925 condors for 1.30, IV 35.6%, deltas -.06 +.06

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 11th 3785/3805-3940/3960 condors for 1.40, IV 38.65%, deltas -.06 +.06

SPX 1-dte

#SPX1dte In pre-market, sold to open $SPX July 8th 3790/3810-3955/3975 condors for 1.25, IV 38.9%, deltas -.05 +.06

SPX 1-dte

#SPX1dte In pre-market, sold to open July 7th 3765/3785-3920/3940 condors for 1.50, IV 37.7%, deltas -.06 +.06

SPX 1-dte

#SPX1dte Sold to Open $SPX July 6th 3730/3750-3905/3925 condors for 1.60, IV 44.7%, deltas -.06 +.06

SPX 1-dte

#SPX1dte In pre-market, sold to Open $SPX July 5th 3690/3710-3870/3890 condors for 1.45, IV 44.4%, deltas -.06 + .06

SPX 1-dte

#SPX1dte In pre-market, Sold to Open July 1st 3685/3705-3860/3880 condors for 1.40, IV 44.7%, deltas -.06 +.06

SPX 1-dte

#SPX1dte In Pre-market, sold to Open $SPX June 30th 3670/3690-3895/3915 condors for 1.35, IV 52.4%, deltas -.06 +.03

The call side was an error, I meant to sell the 3875

SPX 1-dte

#SPX1dte Face plant on the long condors again. Waiting for the morning before the open to consider the next trade.

SPX 1-dte

#SPX1dte Bought to Open $SPX June 29th 3700/3720-3920/3940 condors for 1.25. Taking the same approach as yesterday, even though it didn’t pan out today. Decisions on when to clese are much more difficult when going long. Had I sold at the peaks today, would have gotten 1.00 on call side and 1.60 on put side. But it seems that while my usual short strategy racks up successive small wins and occasional chunky losers, a successful long strategy would consist of multiple small losses and occasional chunky wins. A few weeks ago after we ended a multi-day rally, the first big down day was followed by a couple of bigger down days. Are we starting the next leg lower?

SPX 1-dte

#SPX1dte I went long on today’s, and was hoping for a nice spike higher. Got up a bit over a dollar before retreating, so I missed fills. Now, on downside, sold half the position for .40. Holding the rest for possible deeper dive. Bought the condors for 1.25, so likely facing a loss unless we really crash today.

SPX 1-dte LONG

#SPX1dte BOUGHT to open $SPX June 28th 3775/3800-4000/4025 condors for 1.25, SPX at 3896, deltas -.04 +.04.

Looking for a chunky move in either direction tomorrow.

SPX 1-dte

#SPX1dte In pre-market, Sold to Open $SPX June 27th 3815/3835-3995/4015 condors for 1.40, deltas -.06 +.06

SPX 1-dte

#SPX1dte For those of you playing along from home, yes, my call side is in trouble. The perils of having a job with a commute… missed the breach of my stop point while driving to work, then it kept going and I’m white knuckling it.

SPX 1-dte

#SPX1dte Sold to Open $SPX June 24th 3680/3700-3885/3905 condors for 1.35, SPX at 3799, IV 30.25%, deltas -.06 +.06

Expiring: June 23rd 3670/3690-3845/3865 condors, sold this morning for 1.55

SPX 1-dte

#SPX1dte In pre-market, Sold to Open $SPX June 23rd 3670/3690-3845/3865 condors for 1.55, IV 45.9%, deltas -.06 +.06

SPX 1-dte

#SPX1dte Expired: $SPX June 22nd 3645/3665-3845/3865 condors, sold yesterday for 1.55.

Was planning to BUY a cheap .05-delta condor at the close but got pulled away. So instead I will likely sell a condor in the hour before the open tomorrow.

SPX 1-dte

#SPX1dte Sold to Open $SPX June 22nd 3645/3665-3845/3865 condors for 1.55, SPX at 3762, IV 30%, deltas -.07 +.06

SPX calls closed

#SPX1dte Bought to close $SPX 3800/3820 call spreads for .20. Condors sold this morning for 1.25. Stop level was briefly breached in the first hour of trading, but was able to wait and close it more cheaply.

I looked into thinkorswim’s “thinkback” back testing and saw that if I had sold the condor Friday before the close, it would have been the 3520/3540-3800/3820 condors for about 1.60. Same strikes on call side but 80 points lower on put side (which makes sense because we were UP in the pre-market when I sold this morning). So I missed out on about 40 cents in premium by waiting.

I will likely alternate between selling day before and day-of, at least until Downside Warning ends.

SPX 1-dte

#SPX1dte in pre-market, sold to open $SPX June 21st 3600/3620-3800/3820 condors for 1.25, IV 50.2%, deltas -.06 + .06. /ES (futures) at about 3730.

SPX 1-dte

#SPX1dte Wasn’t able to place a trade yesterday so, this morning about 31 minutes before the open:
Sold to Open $SPX June 17th 3550/3570-3785/3805 condors for 1.35. IV 63.8%, deltas -.06 +.06

SPX stopped

#SPX1dte Bought to close $SPX June 16th 3645/3625 put spreads for 3.70. Condors sold yesterday for 1.60.

SPX trades

#SPX1dte Sorry I have been unable to post but got back some ground after various losses wiped away gains and left me flat over the last month.

Yesterday, sold to open $SPX June 15th 3560/3580-3885/3905 condors for 1.65.
Today, after Fed announcement, sold two vertical same-days: 3870/3890 calls, 3650/3630 puts, for 1.35 each, 2.70 total.

All looking to expire so a gain of 4.35 today.

No trade today

Not only is the market a mess, but I’m traveling tomorrow so cannot monitor.
#SPX1dte

SPX stopped

#SPX1dte Stopping in the early hours before open to avoid any further down-drift before it gets expensive.

Bought to close $SPX June 13th 3770/3750 put spreads for 3.90. Condors sold for 1.30 on Friday.

SPX stopped

#SPX1dte I just knew I should have gone long last night and I didn’t do it. So tough to follow my gut when my gut can often be wrong.

Haven’t closed it yet but I will be looking to do it at the open… almost was going to get 5 wins this week, but the struggle continues.

SPX stopped

#SPX1dte Looks like I picked the wrong day to exit cheaply.

Bought to close $SPX June 9th 4040/4020 put spreads for 1.15. Condors sold yesterday for 1.45.

SPX risk off

#SPX1dte I’d say it is unlikely, but this looks like one of those days that COULD just fall apart.

Bought to close $SPX June 8th 4075/4055 put spreads for .15. Condors sold yesterday for 1.55.

SPX 1-dte

#SPX1dte Sold to Open $SPX June 8th 4055/4075-4230/4250 condors for 1.55, SPX at 4160, IV 22.7%, delta -.06 +.07

SPX 1-dte

#SPX1dte Sold to Open $SPX June 7th 4005/4030-4200/4225 condors for 1.60, SPX at 4119, IV 24.7%, deltas -.05 +.06. ***25-pt wide wings since there is no 4220 strike available.***

SPX stopped

#SPX1dte Bought to close $SPX June 6th 4200/4220 call spreads for 1.30. Condors sold for 1.55 on Friday.

SPX risk off

#SPX1dte Bought to close $SPX June 3rd 4060/4040 put spreads for .15. Condors sold yesterday for 1.45.

SPX 1-dte

#SPX1dte Sold to Open $SPX June 3rd 4040/4060-4250/4270 condors for 1.45, SPX at 4172, IV 27.4%, deltas -.06 +.06

Expiring: June 2nd 3995/4015-4190/4210 condors, sold yesterday for 1.60.

SPX 1-dte

#SPX1dte Sold to Open $SPX June 2nd 3995/4015-4190/4210 condors for 1.575, SPX at 4104, IV 26.2%, deltas -.06 +.06

Expired: June 1st 4030/4050-4240/4260 condors, sold yesterday for 1.55.

SPX 1-dte

#SPX1dte Sold to Open $SPX June 1st 4030/4050-4240/4260 condors for 1.55, SPX at 4143, IV 27.8%, deltas -.07 +.05.

SPX bust

#SPX1dte The inevitable Murphy’s Law struck, and of course, the first day I go long is the first day in a couple weeks that neither side of the condor is threatened. Unless we get a violent mid-day move, this one is a loss of 1.60, which is what I purchased it for. Part of the problem today was that the market spiked 15 points HIGHER after I bought the condor on Friday. This set me up nicely for a profit on a spike higher this morning. But instead, we got a spike lower, meaning the put side was just too far away for meaningful profit. The struggle continues…

SPX 1-dte… switching to LONG

#SPX1dte BOUGHT to Open $SPX May 31st 4000/4020-4235/4255 condors for 1.60. SPX at 4142, IV 16.2%, deltas -.06 +.06

Yes, I am BUYING this one, since just about every day for a couple months has offered a higher spread price than my entry, even on the days things settled quickly and they expire worthless. The biggest trick will be WHEN TO EXIT. This morning I may have been happy with 4.50 as an exit on the call side… but over 15.00 eventually became available. But suffice it to say, I only need to make about 1.00 per day to meet the goals of this strategy.

I will probably alternate between long and short, and definitely switch back to short when volatility settles.

Weekly summary:
3 wins, +4.45
2 losses, -3.65
Total: +.80 for the week

SPX already stopped

#SPX1dte Bought to close $SPX May 27th 4135/4155 call spreads for 3.00. Condors sold yesterday for 1.45.

SPX 1-dte

#SPX1dte. Unadvisedly waited it out and call side expired worthless.

Sold to Open $SPX May 27th 3925/3945-4135/4155 condors for 1.45, a few minutes after the closing bell.

SPX stop hit

#SPX1dte Stop hit on the 4065/4085 call side, so looking to exit. This pretty much means that literally every other day this strategy hits its stop point, and it can be either on the put or call side. It may be prudent to alternate between short and long spreads. It seems each volatile day is followed by a more docile one, and vice versa. In any case, it’s the first prolonged period since the 2020 crash that this strategy has struggled.

Bought to close $SPX May 26th 3960/3940 put spreads for .05. Condors sold yesterday for 1.75