#SPX1dte Filled on an order I put in for overnight swings.
Sold partial position, $SPX Jan 25th 2675/2695 call spreads for 1.60. Condors bought for .70 last night.
That covers cost of trade on some accounts (where I closed half) and most of the cost on other accounts (where I closed a third). Will look for a higher move to close the remainder.
#SPX1dte First time I’m altering this… SPX IV on tomorrow’s expiration is only 13% (in December, 1-day IV was between 21-33 all month). Historical Vol is running much higher than Implied Vol (daily chart), meaning options are underpriced. Daily ATR(14) is at 44.37, which is far above the 2018 average, even including Febd thru April.
On most days, my strikes will NOT be breached. But intraday swings will produce profitable exit opportunities. And on the days the strikes WILL be breached, profit can be 10x-20x, allowing me plenty of days that can result in losses. Also let’s me sleep easier knowing my losses are capped at the purchase price.
So, I’m developing a system to determine which conditions are best for switching from selling to buying. I believe the volatility levels described above are a sweet spot.
Bought to open $SPX Jan 25th 2570/2590-2675/2695 iron condors for .70.
Exit plan is to sell half (or a third) at first opportunity of swing, then hold the remainder for follow through.
SPX Jan23 IC 2595/2600/2680/2685 Put/Call expired. Sold 6 lots at .45 yesterday, 4 in one account and 2 in another. After two harrowing days of defending ICs that breached or nearly breached the short side, today’s closing risk profile was gratifying.
#spx1dte
#SPX1dte Upside stop level was hit early, but now pulling back sharply.
Closed the short puts for .05. Looking to close short calls for best price I can get.
Trade sold yesterday for .95: $SPX Jan 23rd 2555/2575-2665/2685
Closed my SPX Jan22 2620/2625/2630 put flies (defense position from IC) one account for $1240 profit and the other for $600 profit. I was tempted to hold for a pin at 2625 but decided some profit is better than no profit so I TTMAR. I’ve learned a lot from Deal or No Deal. lol.
The call side of the IC will close for full profit of $600. Was a good day. I owe @hcgdavis for suggesting flies for defense. They will be my “go to” defense on the credit spreads that are near expiration.
#spx1dte
#SPX1dte Sold to Open $SPX Jan 23rd 2575/2555 put spreads for .55. Looking to add the call spread on any bounce; hopefully before 3pm ET.
#spx1dte Sold SPX Jan23 2600/2595 put credit spread (pcs) @ .25 x 6, four in one account and two in the other. Looking for an opportunity to sell a call credit spread (ccs)
Sold SPX Jan23 2685/2690 ccs @ .20 x6 to complete ICs in both accounts based on break below low of day.
#SPX1dte Bought to close $SPX Jan 22nd 2630/2610 put spreads for 1.20. Condor sold for .95 on Friday. Suffered from poor entry in the last hour on Friday, so my put spread was simply too high to survive this minor (so far) pullback. I’ll be looking to enter these earlier in the day.
#SPX1dte Sold $SPX Jan 22nd 2715/2735 call spreads for .45. Legging in as I see us going lower into the close. Will sell puts soon.
#SPX1dte Upside stop was hit, so…
Bought to close $SPX Jan 18th 2680/2700 call spreads for .85. Puts will expire. Iron condors sold yesterday for .80, so I lost .05 and commissions. Will sell another for Tuesday expiration.
#spx1dte Sold SPX Jan22 2695/2700 call credit spread @ .25 x12, 8 in one account and 4 in the other.
Sold SPX Jan22 2625/2620 pcs @ .25 x12 to complete my IC. One could say I waited too long. 🙂
Bot back 50% of 2625 short puts @ 1.35 on Tues, Jan 22 to defend this IC.
Out of my SPX 1dte IC from yesterday. Flat in one account. Lost $750 in the bigger account. Without defense, the losses would have been $1900 and $4050 so I’m ok with that.
#SPX1dte Sold $SPX Jan 18th 2570/2590-2680/2700 iron condors for .80.
#SPX1dte Bought to close $SPX Jan 17th (monthly) 2670/2690 call spreads for .30. Order in to close put spreads for .05. Whole shebang sold yesterday for .85.
Selling a new one for tomorrow’s PM expiration
Bot back 6 of 13 short calls based on China news. Will update on outcome tomorrow.
Sold Jan18 (weekly) 2565/2560 put credit spread @ .25 x9 and .30 x4 in two accounts. 7:35 am mst
Sold Jan18 call credit spread 2650/2655 @ .25 x13 to complete the SPX 1dte IC in both accounts. 10:12 mst
SPX Jan16 2640/2645/2535/2530 call/put expired. Sold for .50 x10 yesterday.
#SPX1dte Sold to Open $SPX Jan 17th (monthlys) 2545/2565-2670/2690 iron condors for .85. These stop trading at tomorrow’s close but settle on Friday morning, so I will close during market hours tomorrow.
Expiring today: Jan 16th 2535/2555-2650/2670 condors, sold yesterday for .95.
#SPX1dte Sold to Open $SPX Jan 16th 2535/2555-2650/2670 iron condors for .95. Legged in, put spread first for .55 after the Brexit dip, then call spread on the bounce for .40
Sold SPX Jan16 2640/2645/2535/2530 call/put @ .50 x 10 total in two accounts
Used Tide to time entries per side.
#SPX1dte On Jan 4th I sold the $SPX Feb 15th 2250/2270-2730/2750 iron condors for 3.00, as a roll from a 1-dte spread that was a .50 loser. The idea is to make back the premium over a longer period while continuing to sell the 1-dte spreads every week.
Today, I closed the put spread side for .50. Order is in to close the call side for .70.
SPX Jan14 IC 2630/2635/2530/2525 x2 expired. Sold for 1.10 on Friday. Used Tide to time entries.
#SPX1dte Expiring today: $SPX Jan 14th 2520/2540-2630/2650 condors, sold for .90 on Friday.
#SPX1dte Sold $SPX Jan 14th 2520/2540-2630/2650 iron condors for .90.
#SPX1dte Closed short calls for .10 and short puts for .05. Condor sold yesterday for .90.
Will sell one for Monday at the end of the day.
#SPX1dte Sold $SPX Jan 11th 2520/2540-2635/2655 iron condors for .85
Legging into an SPX Jan11 IC. Sold SPX Jan11 2520/2515 pcs @.30 x6. Will sell CCS to complete IC on 5-min Tide reversal with upper study set to 0.5 and lower 0.25.
Update: Sold Jan11 2630/2635 call credit spread @.25 x6 to complete the IC based on 5-min Tide short signal.
Total credit $330 on the trade.
#SPX1dte Exited short puts for .05, but had to pay .55 to exit call side. Condors sold for 1.20 yesterday.
#SPX1dte Sold $SPX Jan 9th 2485/2505/2620/2640 condors for 1.20.
#SPX1dte Earlier, closed $SPX Jan 7th shorts, puts for .05 and calls for .15. Condors sold Friday for 1.10
#SPX1dte Sold to Open $SPX Jan 7th 2440/2460-2590/2610 condors for 1.10.
#SPX1dte Sold $SPX Feb 2250/2270-2730/2750 condors for 3.00. Will close at or near 50%, or 1.50.
#SPX1dte SPX hit my upside stop (expected move breached the 2520 short calls), so I exited on the pull back.
BTC $SPX Jan 4th 2520/2540 call spreads for 1.70. Condors sold yesterday for 1.25. Puts will expire, or close for .05.
I’ll be selling another 1-dte for Monday expiration. I’m looking for longer term roll options to replace today’s stop.
#SPX1dte Sold $SPX Jan 4th 2345/2365-2520/2540 for 1.25.
#SPX1dte Sold $SPX Jan 2nd 2380/2400/2570/2590 condors for 1.10.
#SPX1dte Closed both shorts for .05 each. Waiting for last hour to sell for Wednesday’s expiration.
#SPX1dte Sold $SPX Dec 31st 2360/2380-2570/2590 for 1.40.
#SPX1dte Closed yesterday’s for .25 total. With the rolls I had to execute yesterday, the full trade ends up with a .35 loss.
Waiting until closer to the close to sell today’s, to avoid that kind of mess!
#SPX1dte What a face ripper!
Sold the condor below for 1.30 with 48 minutes before close when SPX was at 2440.
The call side hit my stop 20 minutes later (expected move breached short strike) with SPX going past 2475.
Stopped call side, BTC for 2.65.
Sold new call side: $SPX Dec 28th 2565/2585 for .75.
Then rolled put side after the bell: Closed 2340/2320 for .10.
Sold 2400/2380 for .60.
So best I can do tomorrow is small loss, near breakeven. Bonkers market… gotta wait until last 10 minutes on this trade to be safe.
#SPX1dte Sold $SPX 2320/2340-2520/2540 condors for 1.30. Shorts are 180 apart.
#SPX1dte Closed shorts for .05 each. On Monday, sold the 2215/2235-2470/2490 condors for 1.40. Tomorrow I’ll sell one for the Friday expiration.
#SPX1dte Sold $SPX Dec 26th 2215/2235-2470/2490 condors for 1.40. Short strikes 235 points apart.
#SPX1dte Closed $SPX Dec 24th 2270/2290-2490/2510 condors for .20. Sold for 1.40 on Friday. Selling one for Wednesday expiration before the close.
#SPX1dte I tried to leg out and leg in to the condors today. I continue to suck at those attempts like no other. This time, I paid more than necessary to exit today’s condor, but still with a profit. I was mildly successful at legging in to Monday’s.
Closed $SPX Dec 21st 2355/2375-2550/2570 condors for .60 total. Sold for 1.05 yesterday.
Sold $SPX Dec 24th 2270/2290-2490/2510 condors for 1.40 total.
#SPX1dte Closed entire condor, $SPX Dec 20th 2360/2380-2585/2605 for .30. Sold yesterday for 1.30.
At the end of today, I will sell a new one for tomorrow’s PM expiration.
#SPX1dte Sold $SPX Dec 20th (monthlys) 2360/2380-2585/2605 condors for 1.30. Stop trading at 4:15pm tomorrow, settle Friday morning. I will close the trade during trading hours tomorrow.
Shorts are 205 points apart.
Before the announcement:
Bought to Open $SPX Dec 20th (monthlys) 2650/2670 call spreads for 1.20. This was betting on an explosion higher, and perhaps a quick double into tomorrow. So far, not looking good.
After the announcement
Sold to open Feb 14th (monthlys) 2300/2280 put spreads for 1.95. Partial roll from January spread stopped earlier this week.
Looking to sell the 1-dte trade in the next hour.
#SPX1dte Closed $SPX 2435/2415 put spreads for .15. Looking to close call side on a pullback. If none comes I will stop out when condor is near breakeven.
#SPX1dte Sold $SPX Dec 19th 2415/2435-2635/2655 condors for 1.25. Shorts are 200 points apart. Will try to close before Fed announcement at 2pm ET tomorrow.
#SPX1dte Expiring: $SPX Dec 17th 2500/2520-2665/2685 condors. Sold Friday for 1.05.
Also, stopped $SPX Jan 17th 2420/2400 put spreads for 3.65, since expected move breached my short puts. These were sold as a roll from a stopped #SPX1dte spread (sold condor for 3.00 on Nov 20). With one roll down of the call side, I’m getting out of this with only a .20 profit (or basically breakeven after commissions). Will look to roll into a new condor later this week.
#SPXcampaign #SPX1dte Bought to open $SPX Dec 28th 2700/2720 call spreads for 1.80. Looking for a trickle higher into the end of the year.
#SPX1dte BTC $SPX Dec 14th 2580 puts for .20.
Sold $SPX Dec 17th 2500/2520-2665/2685 condors for 1.05.
#SPX1dte Closed $SPX Dec 14th 2700 calls for .05. Stop level on the put spread is the expected move to the short put… EM is currently 24.00, so stop is 2604 for the 2580/2560 put spread. Unless we breach that level I will look to exit for .05 or .10. Sold condor yesterday for 1.05.
#SPX1dte Sold $SPX Dec 14th 2560/2580-2700/2720 condors for 1.05. Expire tomorrow.
Also, a 45-dte roll from last month…
BTC $SPX Jan 17th 2950/2970 call spreads for .20. Sold 11/20 in a condor for 3.00 (2420/2400 puts still active)
Rolled to Jan 17th 2800/2820 call spreads, sold today for 2.55.
#SPX1dte Expired: $SPX Nov 12th 2560/2580/2715/2735 condors, sold yesterday for 1.05
#SPX1dte Sold $SPX Dec 12th 2560/2580/2715/2735 condors for 1.05. Expire tomorrow.
#SPX1dte Closed $SPX Dec 10th 2710 calls for .05, and the 25120/2490 put spreads for .10. Condors sold for 1.00 on Friday. Next one will be sold tomorrow for Wednesday expiration.
#SPX1dte Sold $SPX Dec 10th 2490/2510-2710/2730 condors for 1.00. Expire Monday. Filled on spike higher. If I were selling now I would shift the whole thing higher.
#SPX1dte Bought to close 2600/2575 put spreads for .10. Will close call spreads for .05.
#SPX1dte Sold to Open $SPX Nov 7th 2600/2580 put spread for .75. Legging in since market is moving higher. Trying for 2750/2770 on call side.
#SPX1dte My spread for today, Dec 3rd 2620/2640-2850/2870 condors, sold Friday for .95, will expire.
Sold $SPX Dec 5th 2715/2735-2830/2850 condors for .85. Expire tomorrow, the 4th, due to market closure on Wednesday.
Went from 210 points wide, down to 85.
Options Bistro 