#SPX1dte Sold to Open $SPX Mar 7th 4115/4135-4425/4445 condors for 1.65, SPX at 4314, IV 24.3%, deltas -.06 +.06

Expiring: Mar 4th 4220/4240-4470/4490 condors, sold yesterday for 1.55.

#SPX1dte Sold to pen $SPX Mar 4th 4220/4240-4470/4490 condors for 1.55, SPX at 4366, IV 31.4%, deltas -.07 +.05

#SPX1dte Expired: $SPX Feb 28th 4190/4210-4490/4510 condors, sold Friday for 1.35

#SPX1dte Sold to Open $SPX Feb 28th 4190/4210-4490/4510 condors for 1.35, SPX at 4377, IV 21%, deltas -.06 +.04.

Giving myself a lower delta on call side in case rally continues.

#SPX1dte Bought to close $SPX Feb 25th 4385/4405 call spreads for 3.50. Condors sold yesterday for 1.55. Takes away much of this week’s profit, but that’s the way the ticker bounces.

#SPX1dte Sold to Open $SPX Feb 25th 4120/4140-4385/4405 condors for 1.55, SPX at 4271, IV 35.6%, deltas -.07 +.06

#SPX1dte Bought to close $SPX Feb 23rd 4185/4165 put spreads for .15. Condors sold yesterday for 1.80.

#SPX1dte Still pretty far away from my stop point but not taking any chances. Bought to close $SPX Feb 22nd 4175/4155 put spreads for .15. Condors sold for 1.80 on Friday.

#SPX1dte Sold to Open $SPX Feb 22nd 4155/4175-4475/4495 condors for 1.80, SPX at 4356, IV 22.1%, deltas -.06 +.06

Expiring worthless: Feb 18th 4225/4245-4475/4495 condors, sold yesterday for 1.50.

#SPX5dte Expiring for max credit of 20.00: Feb 18th 4460/4440 put spreads. Condors bought for 17.50 on Tuesday.

#SPX1dte Sold to Open $SPX Feb 18th 4225/4245-4475/4495 condors for 1.50, SPX at 4378, IV 32%, deltas -.06 +.06

#SPX1dte Stop hit at 4494 and then nothing but down movement since then… Bought to close $SPX Feb 17th (monthlys) 4355/4335 put spreads for 4.50. Condors sold for 1.55 yesterday. My closing trade probably means we get the bounce now.

#SPX1dte Sold to Open $SPX Feb 17th (monthlys) 4335/4355-4565/4585 condors for 1.45, SPX at 4485, IV 22%, deltas -.06 +.06.

Expiring: Feb 16th 4320/4340-4545/4565 condors, sold yesterday for 1.55.

#SPX1dte Sold to Open $SPX Feb 16th 4320/4340-4545/4565 condors for 1.55, at 3pm ET, deltas -.06 +.06

#SPX5dte (3-dte) Bought to Open Feb 18th 4440/4460-4470/4490 condors for 17.50, at 3:39p ET.

#SPX1dte Expiring worthless: $SPX Feb 14th 4210/4230-4545/4565 condors, sold Friday for 1.65

#SPX5dte Expiring with max credit of 20.00: Feb 14th 4560/4540 put spreads. Condors bought last Wednesday for 17.20.

#SPX1dte Sold to Open $SPX Feb 14th 4210/4230-4545/4565 condors for 1.65, SPX at 4427, IV 23.5%, deltas -.06 +.06

Expiring: Feb 11th 4360/4380 – 4595/4615 condors, sold yesterday for 1.55.

#SPX1dte Sold to Open $SPX Feb 11th 4360/4380-4595/4615 condors for 1.55, SPX at 4494, IV 23%, deltas -.07 +.05

#SPX1dte Had a good run but got stopped out this morning,
bought to close $SPX Feb 9th 4585/4605 call spreads for 4.80. Condors sold for 1.70 yesterday.

#SPX1dte Sold to Open $SPX Feb 9th 4405/4425-4585/4605 condors for 1.65, SPX at 4518, IV 16.7%, deltas -.06 +.07

Expired yesterday: Feb 7th 4385/4405-4595/4615 condors, sold Friday for 1.70.

#SPX1dte Sold to Open $SPX Feb 7th 4385/4405-4595/4615 condors for 1.70, SPX at 4513, deltas -.06 +.06

Expiring: 4335/4355-4590/4610 condors, sold yesterday for 1.55

#SPX1dte Sold to Open $SPX Feb 4th 4335/4355-4590/4610 condors for 1.55. SPX at 4481, IV 24.3%, deltas -.07 +.05

#SPX1dte Expired: $SPX Feb 2nd 4415/4435-4615/4635 condors, sold yesterday for 1.30.

#SPX1dte Expiring: $SPX Jan 31st 4245/4265-4535/4555 condors, sold Friday for 1.65.

#SPX1dte Sold to Open $SPX Jan 31st 4245/4265-4535/4555 condors for 1.65, SPX at 4424, IV 19.3%, deltas -.06 +.06

Expiring: Jan 28th 4150/4170-4465/4485 condors, sold yesterday for 1.65

#SPX1dte Sold to Open $SPX Jan 26th 4150/4170-4465/4485 condors for 1.65, SPX at 4333, IV 32.1%, deltas -.04, +.07.

When I set this trade deltas were .06/.06… it filled a few seconds later when the SPX spiked up just a bit, but deltas move very quickly in this market.

#SPX1dte Sold to Open $SPX Jan 26th 4155/4175-4500/4520 condors for 1.95, SPX at 4352, deltas -.07 +.06, IV 36.5%

#SPX5dte Bought to Open $SPX Jan 26th 4340/4360-4370/4390 condors for 18.00, with SPX at 4353.
This is under the “5dte” moniker but it’s only a one-day trade. Pretty good bet each day will swing us at least 20 points away, but I’m only comfortable doing it away from an even 100 multiple…. SPX closes (like yesterday) seem to gravitate toward 00’s.

#SPX1dte Stopped was hit: bought to close $SPX Jan 24th 4230/4210 put spreads for 3.00. Condors sold for 1.35 on Friday.

#SPX1dte Sold to Open $SPX Jan 24th 4210/4230-4545/4565 condors for 1.35, SPX at 4414, IV 23.4%, deltas -.07 +.05

Expiring worthless: Jan 21st 4325/4345-4570/4590 condors, sold yesterday for 1.30.

#SPX1dte Bought to close $SPX Jan 20th (monthlys) 4415/4435-4665/4685 condors for .25. Sold yesterday for 1.30. Closed to avoid Friday morning gap risk.

Will sell one for Friday PM in a bit.

#SPX1dte Sold to Open $SPX Jan 20th (Monthlys) 4415/4435-4665/4685 condors for 1.30, SPX at 4565, IV 23.6%, deltas -.06 +.06. I have not sold monthlys on this strategy in a long time, but since I’m currently taking a break from the 5-dte strategy I’m including them this month. These stop trading at close tomorrow but don’t settle until Friday morning’s open, which mean if I don’t close them tomorrow they will be exposed to possibility of a gap open on Friday.

Expected to expire worthless: Jan 19th 4455/4475-4670/4690 condors, sold yesterday for 1.50.

#SPX1dte Sold to Open $SPX Jan 19th 4455/4475-4670/4690 condors for 1.50, SPX at 4584, IV 20.1%, deltas -.06 +.06

Expiring: Jan 18th 4525/4545-4735/4755 condors, sold Friday for 1.70.

#SPX1dte Sold to Open $SPX Jan 18th 4525/4545-4735/4755 condors for 1.70, SPX at 4658, IV 11.8%, deltas -.06 +.06

Expiring: 4560/4580-4745/4765 condors, sold yesterday for 1.20.

See y’all Tuesday.

#SPX1dte Sold to Open $SPX Jan 14th 4560/4580-4745/4765 condors for 1.20, SPX at 4673, deltas -.07 +.06, IV 16%.

#SPX1dte Sold to Open $SPX Jan 12th 4590/4610-4765/4785 condors for 1.25, SPX at 4705, deltas -.05 +.07

#SPX1dte STOPPED Bought to close $SPX Jan 10th 4605/4585 put spreads for 6.75. Condors sold for 1.25 on Friday. My two month slide of misery continues. As I posted earlier the $VIX really has not spiked until today, meaning my condors have not been wide enough for this dropping market. Last week I stopped trading the #SPX5dte due to persistent losses, but the 1-dte trades have ALSO been failing at an usually bad rate lately.

#SPX5dte Sold to close $SPX Jan 7th 4790/4810 call spreads for .50. Sold puts for 16.00 yesterday so .55 profit on the condor.

#spx1dte

#SPX1dte. It is absolutely crazy. As soon as I mention that the SPX1dte strategy is doing well, I get slapped across the face. Was away from my screen for the big drop, exited near the bottom, and now watching as we finally get a bounce. What a horrible stretch I am stuck in.

Bought to close $SPX Jan 5th 4740/4720 put spreads for 13.50. Condors sold yesterday for 1.30.

#spx5dte

#SPX5dte, Well, since the day I posted my recent success with the strategy, it has basically been a disaster. In the almost two years since I started this, there has never been such a string of expirations that end in or near the dead zone. I have been hesitant to stop because I’m quite sure that as soon as I do, it will become viable again. But I really don’t have any choice now. I still have trades on for Friday and Monday, but I have to stop placing new ones. I’ll take some time to assess the results and the strategy as a whole.

I will continue to trade with #SPX1dte, as that strategy is doing fine, despite some recent losses due to my mistakes.

I know some of you have followed me on this strategy, but don’t post your experience. I would ask that if you are doing this, to please comment with your experiences and trades. If you have learned from me or anyone on this site, and have had success by following, I think it is only fair that you return the favor and share your experience.

I say this because I got an email from someone saying they had followed me on SPX5dte and found some success with certain adjustments… adjustments that I had not thought of or used. I asked him to please post in the room and share, but he disappeared.

So please, if you learn and make money from following us, share your experiences!

#SPX5dte Sold to close $SPX Jan 5th 4795/4775 put spreads for 7.50. Saving call spreads.

#spx1dte

#SPX5dte Bought to Open $SPX Jan 7th 4760/4780-4790/4810 condors for 15.95, with SPX at 4783.

#spx1dte

#SPX1dte Stopped: Bought to close $SPX Dec 31st 4750/4730 put spreads for 1.00. Condors sold for 1.20 yesterday. Tried to play aggressive on this one but market drop and end of day spoiled the fun.

#SPX5dte Another let down in a long string of them… Upside Warning has stalled and not giving me a strong close for the 4785/4605 call side of today’s long condor. I’m watching. Closed the put side for 5.15 on Tuesday.

#SPX1dte Sold to Open $SPX Dec 31st 4730/4750-4835/4855 condor for 1.20, SPX at 4792, IV 9.9%, deltas -.12, +.06. Aggressive on the put side, although I’m not liking the drop a few seconds after the trade filled.

#SPX5dte Earlier: Bought to Open $SPX Jan 5th 4775/4795-4805/4825 condors for 15.40, with SPX at 4799.

#SPX5dte Expiring with max credit of 20.00: $SPX Dec 29th 4690/4710 call spreads. Condors bought last Wednesday for 16.85, so 3.15 profit.

#SPX1dte Expiring worthless: 4700/4720-4840/4860 condors, sold yesterday for .95.

#SPX5dte Bought to Open $SPX Jan 3rd 4760/4780-4790/4810 condors for 15.95, with SPX at 4785.

#spx1dte

#SPX5dte Bought to open $SPX Dec 31st 4755/4775-4785/4805 condors for 15.60, with SPX at 4780.

#spx1dte

#SPX1dte Bought to close $SPX 4560/4540 put spreads for .10. Taking downside risk off. Condors sold for 1.25 yesterday.

#spx5dte

#SPX5dte Sold to close $SPX Dec 22nd 4695/4715 call spreads for .60. Added to the 19.00 I got from puts, that’s a 2.20 profit.

Bought to Open Dec 27th 4585/4605-4615/4635 condors for 17.60, with SPX at 4603.

#spx1dte

#SPx1dte STOPPED: Bought to close $SPX Dec 20th 4525/4505 put spreads for 4.00. Condors sold for 1.65 on Friday.

#spx5dte

#SPX5dte Sold to close $SPX Dec 17th 4685/4665 put spreads for 17.25. Bought for 17.00 on Monday, so barely above breakeven. I would normally wait for expiration, but can’t afford the risk after this brutal week for this strategy.

#spx1dte

#SPX5dte Bought to Open $SPX Dec 22nd 4665/4685-4695/4715 condors for 17.40.

#spx1dte

#SPX5dte Sold to close $SPX Dec 15th 4680/4700 call spreads for 1.00. Another one bites the dust. Condors bought for 17.35 last Thursday. Puts sold for 5.80 on Monday, so 6.80 total, loss of 10.55. I certainly have not been reading this market well for my leg outs.

#spx1dte

#SPX5dte Bought to Open $SPX Dec 20th 4610/4630-4640/4660 condors for 17.90, with SPX at 4637.

#spx1dte

#SPX1dte Sold to Open $SPX Dec 13th 4600/4620-4755/4775 condors for .95, SPX at 4704, IV 8.75%, deltas -.06 +.06

Expiring: Dec 10th 4570/4590-4735/4755 condors, sold yesterday for 1.10

#SPX5dte Bought to Open $SPX Dec 15th 4645/4665-4675/4695 for 17.35.

Sold to close Dec 10th 4585/4605-4625/4645 condors for 18.60. Bought on Monday for 18.05. Market losing some stability so not going to risk going into the dead zone tomorrow.

#spx1dte

#SPX5dte Bought to Open $SPX Dec 13th 4665/4685-4695/4715 condors for 17.00, with SPX at 4689.

#spx1dte

#SPX5dte Bought to Open $SPX Dec 10th 4585/4605-4615/4625 condors for 18.05, with SPX at 4609.

Looks like I made exactly the wrong move on Friday by selling the call side of today’s 5-dte. Psychology gets me on those decisions way too often…. VIX was soaring and market was down, so I assume the market will continue down. Instead, I should have looked at the decent premium available for the put side and taken it, risking a small loss, but with a good chance of making it a big win today if we bounced. That would have happened if I hadn’t made the wrong choice. Now I just have to look for a pullback into the close, which is certainly possible with current volatility, but looking unlikely with continuing strength in last couple of hours.

#spx1dte

#SPX5dte Sold to close $SPX Dec 6th 4605/4625 call spreads for 2.55. Holding put spreads for Monday for hopeful max credit. A bit risky as we have been getting big bounces on this correction, but even if that happens Monday I still think it will be the put side where I get most profit. Condors bought for 18.05 on Tuesday.

#spx1dte

#SPX5dte Sold to close $SPX Dec 3rd 4665/4645 put spreads for 18.20. Condors bought for 16.80 on Monday. Still holding call spreads.

#spx1dte

#SPX1dte STOPPED Bought to close $SPX Dec 1st 4655/4675 call spreads for 2.10. Condors sold yesterday for 1.35

#SPX1dte STOPPED Bought to close $SPX Nov 30th 4600/4580 put spreads for 2.50. Condors sold yesterday for 1.35.

#spx5dte

#SPX5dte Bought to Open $SPX Dec 3rd 4645/4665-4675/4695 condors for 16.80, with SPX at 4668.

#spx1dte

#SPX1dte Sold to Open $SPX Nov 29th 4420/4440-4700/4720 condors for 1.15, SPX at 4614, IV 18.7%, deltas -.07 +.06. My put side dropped 190 points from today’s expiry!

Very foolish not to close today’s 4630/4610 put spread at the open, when it got down to 4.00. I was looking to close then, but reversal happened too fast on me then I took a huge dose of hopium. Now I’m looking for SPX to recover more in this final half hour to minimize (or fingers crossed, eliminate) my losses.

#SPX5dte Expected to expire with max profit of 20.00: Nov 26th 4700/4680 put spreads, bought last Friday for 15.70, so 4.30 profit.

#SPX5dte Sold to close $SPX 4695/4675 put spreads for 8.35. Calls sold yesterday for 3.00 so 11.35 total. Condors bought for 15.40 last Thursday so 4.05 loss.

These consolidation periods make this strategy more difficult.

#SPX1dte – I forgot to sell one yesterday, but will today for Friday expiration.

#SPX5dte Sold to close $SPX Nov 22nd 4720/4740 call spreads for 7.70. Put side sold for 8.20 on Friday, so 15.90 total credit. Condors bought for 15.05 last Tuesday so .85 profit. I wanted to try to ride this higher but I got filled before I could adjust my limit.

#spx1dte

#SPX5dte Sold to close $SPX Nov 22nd 4710/4690 put spreads for 8.20. Call side holding for later today or Monday. Condors bought for 15.05 on Tuesday.

#spx1dte

#SPX5dte Sold to close $SPX Nov 19th 4670/4650 put spreads for 3.20. I think the bias is to upside but got caught in the huge spike without enough time to alter my bid. Now I need a decent recovery into tomorrow’s close to collect on the call side. Condors bought for 15.45 on Monday.

#spx1dte

#SPX5dte Sold to close $SPX Nov 17th 4655/4675 call spreads for 19.00. Condors bought for 16.25 last Thursday.

#spx1dte

#SPX5dte Bought to Open $SPX Nov 22nd 4690/4710-4720/4740 condors for 15.05, with SPX at 4714.

#spx1dte

#SPX5dte Sold to close $SPX Nov 15th 4675/4655 put spreads for 4.30. Unfortunately still holding call spreads as I missed my fills on the earlier spikes higher. These mornings are crucial to manage properly to keep this strategy robust. When we are opening so near the dead zone, I need to take advantage of the morning swings and make sure to get filled.

#spx1dte

#SPX5dte Sold to close $SPX Nov 12th 4705/4725 call spreads for .50. Increased my profit on the condor to 3.50…

…But it also means my #SPX1dte is being stopped out. Looking for an exit on pullback.

#SPX5dte Bought to Open $SPX Nov 17th 4625/4645-4655/4675 condors for 16.25, with SPX at 4651.

#spx1dte

#SPX5dte Sold to close $SPX Nov 10th 4680/4700 call spreads for 5.50. Puts sold yesterday for 3.50, so 9.00, and loss of 6.45 total.

#spx1dte