#SPX1dte . Looks like the Downside Warning may come through. BTC $SPX Oct 11th 2855/2830 put spreads for 4.00. Condors sold yesterday for 3.00. Stop breached when SPX went below 2905. Perhaps it found support at 2900, but it looks like we could be going lower so getting out while it’s cheap.

#SPX1dte Sold to Open $SPX Oct 11th 2830/2855-3005/3030 condors for 3.00, IV17.92%, SPX 2945.

#SPX1dte BTC $SPX Oct 7th 2885 puts for .05. Taking off downside risk, allowing remainder of condor to expire (sold Friday for 1.00)

#SPX1dte Sold to Open $SPX Oct 7th 2865/2885-2980/3000 condors for 1.00, IV: 9.92%, SPX 2943.

Expiring today (hopefully): 2820/2840-2950/2970 condors, sold yesterday for 1.20.

#SPX1dte Sold to Open $SPX Oct 4th 2820/2840-2950/2970 condors for 1.20, IV: 17.18%, SPX 2904.

#SPX1dte Sold to Open $SPX Oct 7th 2780/2805-2960/2985 condors for 2.80, IV 17.29%, SPX 2889. Using expected move to down side as stop; half expected move to upside.

#SPX1dte Stop level was breached quickly this morning. BTC $SPX Oct 2nd 2890/2870 put spreads for 2.95. Condors sold yesterday for .867.Also having to close the Oct 4th spread. Stop was not breached yesterday but it was on the opening tick this morning.

#SPX1dte Sold to Open $SPX Oct 2nd 2870/2890-2980/3000 condors for .867, IV 13.55%, SPX 2946.

#SPX1dte . Sold to Open $SPX Oct 4th 2880/2905-3030/3055 condors for 2.40, IV: 14.37%, SPX 2981.

Expiring today: Sept 30th 2865/2885-3000/3020 condors, sold Friday for 1.10

#SPX1dte Sold $SPX Sept 30th 2865/2885-3000/3025 condors for 1.10, IV 12.31%, SPX 2956.

#SPX1dte. Bought to close $SPX Sept 27th 2935/2915 put spreads for .75. Condors sold yesterday for .95.

Closing Monday’s spread as well, and stuck with almost full loss on today’s spread.

#SPX1dte Sold to Open $SPX Sept 27th 2915/2935-34010/3030 condors for .95, IV: 11.80%, SPX 2980.

#SPX1dte Sold to Open $SPX Sep 30th 2895/2920-3030/3055 condors for 2.30, IV 11.97%, SPX 2986.

Expiring today: Sep 25th 2890/2910-3005/3025 condors, sold yesterday for .90.

#SPX1dte Sold to Open $SPX Sept 25th 2890/2910-3005/3025 condors for .90, IV: 14.73%, SPX 2965.

#SPX1dte. I had an order in to close this for .95 this morning. It got down to about 1.20 before the drop happened.

BTC $SPX Sep 25th 2980/2955 put spreads for 9.85. Sold for 3.00 yesterday.

Sitting on the Sept 27th 3000/2975 put spread, sold for 5.00 last week. I’m giving that some more time. If formal impeachment inquiries are announced today, I think there’s a chance the market effect will be temporary, as the process will take months, and who really knows how it would effect the economy? But certainly, I’m done with the aggressive put spreads for now.

#SPX1dte Sold $SPX Sept 25th 2980/2955 put spreads for 3.00.

Expiring today:
Sept 23rd 2930/2940-3035/3045, sold Friday for .50
Sept 23rd 2915/2940-3050/3075, sold Wednesday for 2.65

#SPX1dte Sold to Open $SPX Sept 23rd 2930/2940-3035/3045 condors for .50, 10-pt wings, double size.
IV: 9.31%, SPX 3000

Expiring today: Sept 20th 2940/2960-3045/3065, sold yesterday for .75
Sept 20th 2895/2920-3050/3075, sold Monday for 2.45

#SPX1dte Using this Montana dip to add another long… 10 points lower and another day later than yesterday’s:

Bought to Open $SPX Sept 30th 3035/3050 call spreads for 2.50. SPX at 2994.

#SPX1dte Sold to Open $SPX Sept 20th 2940/2960-3045/3065 condors for .75, IV 12.64%, SPX 3011.

#SPX1dte Sold to Open $SPX Sept 23rd 2915/2940-3050/3075 condors for 2.65, IV 12.90%, SPX 3005.

Expiring today: Sept 18th 2925/2945-3040/3060, sold yesterday for .85

Also, Sept 18th 3010/2985 expires, and based on closing SPX price of 3006.01, it will cash settle at a cost of 3.99. Sold it last Friday for 7.00. I expected a rally after the Fed, but it put me through the ringer first.

#SPX1dte Sold to Open $SPX 2925/2945-3040/3060 condors for .85, IV 13.71%, SPX 2998. IV is up from recent series due to Fed announcement. Deltas are .06 and .05

#SPX1dte BTC $SPX Sept 16th 3000/2975 put spreads for 1.65. Sold Thursday for 3.00. Barely escaped alive.

Expiring: Sept 16th 2950/2960-3035/3045 condors, sold Friday for .45.

Looks like we missed the Upside Warning, so the clock resets and we need three consecutive closes below 14.50. But it could be a nutty week with the Fed Wednesday and oil volatility.

#SPX1dte Sold too Open $SPX Sept 20 (Friday PM) 2895/2920-3050/3075 condors for 2.45, IV 15.09%, SPX 2996.

#SPX1dte. Sold to Open $SPX Sept 16th 2950/2960-3035/3045 condors for .45, IV 7.24%, SPX 3006.
Double-size, 10-wide.

Expiring today: Sept 13th 2970/2980-3040/3050, sold yesterday for .45.

#SPX1dte Sold to Open $SPX Sept 18th 3010/2985 put spreads for 7.00. In anticpation of new all-time highs.

#SPX1dte Sold to Open $SPX Sept 13th 2970/2980-3040/3050 condors for .45. Double-size position, 10-wide.
IV: 9.33%, SPX 3016

#SPX1dte BTC $SPX Sept 18th 3045/3070 call spreads for 3.50. Condors sold yesterday for 2.65. This didn’t quite reach my stop level, but I’m switching to cautiously bullish today given the Warning’s cancellation. Which also explains this spread:

Sold $SPX Sept 16th 3000/2975 put spreads for 3.00. I’ll add another one tomorrow. I’m going to hold off on short call spreads for now, except for the 1-dte condors.

#SPX1dte BTC $SPX Sept 16th 3025/3050 call spreads for 3.60. Condors sold for 2.25 on Monday. My stop was hit at 3012, half the expected move to the 3025 strike.

#SPX1dte Sold $SPX Sept 18th 2885/2910-3045/3070 condors for 2.65, IV 12.53%, SPX 2991. Replaces the 7-dte I closed this morning. My approach on these is to sell one, with sort deltas at .10, on any day that I cannot sell a 1-dte. So normally, Mondays and Wednesdays. I stop if SPX comes within half of the expected move. So, on this one, expected move is 43.00, so I would stop if we got within 21.50 of either short strike. But that expected move will drop each day.

#SPX1dte BTC $SPX Sept 13th 2870/2895-3035/3060 condors for .45. Sold Friday for 2.45.

#SPX1dte. Since the S&P popped much higher at the close, I had to roll tomorrow’s spread.

BTC $SPX Sept 11th 2990/3010 call spreads for 1.65. Sold for 1.10 90 minutes earlier.
STO $SPX Sept 11th 2920/2940-3005/3025 condors for .675 (avg price).

So if it expires, my total credit will be +0.125. Bummer.

#SPX1dte Sold $SPX Sept 11th 2905/2925-2990/3010 condors for 1.10, IV: 10.83%, SPX 2963

#SPX1dte Sold to Open $SPX Sept 16th 2875/2900-3025/3050 for 2.25.

Expiring: Sept 9th, 2925/2945-3010/3025 condors, sold Friday for .85

#SPX1dte Sold to Open $SPX Sept 9th 2925/2945-3010/3025 condors for .85, IV 7.14%, SPX 2981.

Volatility really drains quickly after we pass 3pm ET. I looked at this only 30 minutes earlier and it was going for 1.10.

#SPX1dte Sold to open $SPX Sep 13th 2870/2895-3035/3060 condors for 2.45, IV 12.52%, SPX 2979.

#SPX1dte Sold $SPX Sept 6th 2910/2930-3015/3045 condors for .85 and .90. IV 12.58%, SPX 2980

#SPX1dte Today’s rally already blew past my stop for the call side of the $SPX Sep 11th 2825/2845-2995/3015 condor, sold yesterday for 2.20. I closed the put spread for .20 and looking to close the call side (at a loss) before the close.

#SPX1dte Bought to close $SPX Sept 4th 2935 calls for 2.50, a couple minutes before the close. Condors sold for 1.60 yesterday.

Also, after the bell: Sold $SPX Sept 11th 2825/2845-2995/3015 condors for 2.20.

#SPX1dte Sold $SPX Sept 4th 2825/2845-2935/2955 condors for 1.60. IV: 15.90%, SPX 2899.

Expiring: Sept 3rd 2820/2840-2975/2995 condors, sold Friday for 1.60.

#SPX1dte Sold to Open $SPX Sept 3rd 2820/2840-2975/2995 condors for 1.60. IV: 13.48%, SPX: 2923

Expiring: Aug 30th 2845/2865-2955/2975 condors, sold yesterday for 1.10.

#SPX1dte. Sold to Open Aug 30th $SPX 2845/2865-2955/2975 condors for 1.10. Was on the road, so stopped in time to place order just after market close.

#SPX1dte. Sold $SPX 2760/2785-2950/2975 condors for 3.00, IV: 16.78%, SPX 2884

#SPX1dte. BTC $SPX Aug 30th 2745/2765-2935/2955 condors for .85. Sold Monday for 3.00.

Today’s 2780/2800-2920/2940 condors look good to expire, sold yesterday for 1.00.

#SPX1dte Sold $SPX Aug 28th 2780/2800-2920/2940 condors for 1.00. IV 17.96%, SPX 2871.

#SPX1dte Sold to Open $SPX Aug 30th 2745/2765-2935/2955 condors for 3.00. IV 21.3%, SPX 2867.

#SPX1dte Bought to close $SPX Aug 26th 2755 put for .05. Don’t trust downside… just a tweet or Chinese government statement away from 100-pt drop!

2735/2755-2915/2935 condors sold for 1.30 on Friday.

#SPX1dte. The market was so volatile before the close I waited until after the close to sell this.

Sold $SPX Aug 26th 2735/2755-2915/2935 condors for 1.30. IV 17.82%, SPX closed at 2848.

#SPX1dte. Didn’t follow my rules rigidly enough and waited too long to close these. May mean I got out near the bottom rather than when stops were first hit, when I could have gotten out when SPX was around 2888.

BTC $SPX Aug 23rd 2860/2840 put spreads for 5.60. Condors sold yesterday for 1.10.
BTC $SPX Aug 26th 2845/2820 put spreads for 6.75. Condors sold Wednesday for 3.15

I went past my stops on Wednesday on the up side, when SPX just couldn’t get any higher after briefly touching 2930. But the call side premium is much lower when almost ATM on expiration day than put side is, so it’s less risky. That one expired worthless. This one may, too, but after missing fills on every bounce before this, I couldn’t risk another tweet-driven violent drop.

#SPX1dte Sold $SPX Apr 23rd 2840/2860-2965/2985 condors for 1.05, IV: 15.95%, SPX 2924.

#SPX1dte. Another condor, licking wound from smashed call spread this week. Sold a few minutes after release of FOMC minutes.

Sold $SPX Aug 26th 2820/2845-2975/3000 condors for 3.15.

#SPX1dte Sold to Open $SPX Aug 21st 2840/2850-2945/2955 condors for .55. 10-wide, double sized. IV 14.15%, 2906.

Closed Aug 21st 2900/2925 call spreads of ra loss at 12.00. Sold for 5.00 last week. Let this run too long, but at least a pullback came today. A weakness in my strategy I must address.

#SPX1dte Sold $SPX Aug 23rd 2815/2840-2980/3005 condors for 2.90. IV 16.68%, SPX 2926.

#SPX1dte Opened 5 points above stop level, but was able to get out as it faded.
BTC $SPX Aug 19th 2930/2950 for 2.00. Condors sold Friday for 1.15

#SPX1dte Sold $SPX Aug 19th 2795/2815-2930/2950 condors for 1.15.

Expiring today: Had to watch this all day but looks like I’ll escape with nary a scratch:
Aug 16th 2750/2770-2900/2920 condors, sold yesterday for 1.15

Also closed: Aug 21st 2725/2700 put spreads for .25, sold Wednesday for 2.70.

Getting crushed on a 2900/2925 call spread for Aug 21st… holding for the weekend as I think we still have some more correcting to do.

#SPX1dte Sold $SPX Aug 16th 2750/2770-2900/2920 condors for 1.15, IV 20.82%, SPX 2846

#SPX1dte Sold to Open $SPX Aug 21st 2900/2925 call spreads for 5.00. This offsets 2725/2700 put side sold yesterday. Call side is more aggressive as I believe we are headed lower over coming days. A fourth Downside Warning fired at yesterday’s close, and I don’t think it was the bottom.

#SPX1dte Sold $SPX Aug 21st 2725/2700 put spreads for 2.70. I’m delaying the call side until we get a bounce.

#SPX1dte BTC $SPX May 16th 2775/2750 put spreads for 2.40. This was a thoroughly annoying one. Not only could I have closed it yesterday for probably .20, but I tried to close at the open for under 1.00. Missing my fill, I ended up chasing it down, trying to fill on each bounce, until finally I just had to pull the cord. At least I got the 1.00 profit. I’ll let the calls expire, even through that side traded as high as 8.00 yesterday.

Condors sold Monday for 3.45.

#SPX1dte My stop was hit at the open so my order to close put side filled on the little spike up we just had.

BTC $SPX Aug 14th 2865/2845 put spreads for 3.00. Condors sold yesterday for 1.05.

Also, working to close the Aug 16th 2775/2750 put spreads which were sold Monday in a condor. Should have closed yesterday except for deer-in-headlights syndrome.

#SPX1dte Sold to Open $SPX Aug 14th 2845/2865-2965/2985 condors for 1.05, IV: 15.76%, SPX 2923

#SPX1dte Sold $SPX Aug 16th (Friday PM) 2750/2775-2950/2975 condors for 3.45, IV 22.57%, SPX 2880.

#SPX1dte Sold $SPX Aug 12th 2840/2860-2970/2990 condors for 1.10. IV: 11.71%, SPX 2929

Expiring today: Aug 9th 2840/2860-2960/2980 condors, sold yesterday for 1.35

#SPX1dte Sold $SPX Aug 9th 2840/2860-2960/2980 condors for 1.35. IV 16.74%, SPX 2928.

A little more aggressive (.07/.08 short deltas) than my usual, but betting on a quieter day after today’s rally.

#SPX1dte Getting ripped to the upside so I had to bail. Yesterday’s open was possibly the low, and I should have realized that as the market ticked steadily higher in the afternoon. Instead, I doubled down. Live and learn (or make bad trades and learn). That ends my streak of killer returns that started with the Upside Warning on July 5th. I will now resume neutral trades until the market shows its true direction. Probably going higher but not certain until VIX gets lower.

BTC $SPX Aug 12th 2900/2925 call spreads for 15.35. Sold for 9.00 on Tuesday.
BTC $SPX Aug 9th 2910/2935 call spreads for 10.60. Sold for 5.20 yesterday.

#SPX1dte Sold $SPX May 9th 2910/2935 call spreads for 5.25. Still looking for more downside, or at least resistance at 2900.

#SPX1dte BTC $SPX Aug 7th 2795/2775 put spreads for 1.40. Condors sold for 1.25 yesterday.
At the lows, SPX was within its expected move to my short strike, so I’m stopping out on the bounce.

#SPX1dte Sold $SPX Aug 7th 2775/2795-2930/2950 condors for 1.25, IV 21.5%, SPX 2877.

#SPX1dte I think we have at least one more leg down.

Sold $SPX Aug 12th 2900/2925 call spreads for 9.00

#SPX1dte BTC $SPX Aug 7th 2725/2700 put spreads for .30. Sold yesterday for 1.80.

#SPX1dte BTC $SPX Aug 9th 2950/2975 call spreads for 2.90. Sold Friday for 10.30.

If we get any strong bounce today I’ll try this again.