#SPX1dte Sold to Open $SPX 4425/4445-4525/4545 condors for .85, deltas -.06 +.05, IV 18.6%

#SPX1dte Expiring: $SPX Sep 5th 4445/4465-4540/4560 condors, sold this morning for 1.00.

#SPX1dte Sold to Open $SPX Sep 5th 4445/4465-4540/4560 condors for 1.00, deltas -.06 +.07, IV 18%

#SPX1dte Sold 3 minutes after Jobs report release: $SPX 4455/4575-4570/4590 condors for 1.10, deltas -.07 +.06

#SPX1dte Expiring $SPX Aug 31st 4445/4465-4570/4590 condors, sold yesterday for 1.00.

Waiting until after the morning’s Job report before placing tomorrow’s trade.

#SPX1dte Closed the add-on put spread effectively for .50, by selling the $SPX Aug 31st 4470/4490 call spread for 19.50

#SPX1dte Sold to Open $SPX Aug 31st 4490/4470 put spreads for 1.05, delta -.13

This is aggressive, but $VIX got below 14 and on track for a renewed Upside Warning.

#SPX1dte Sold to Open $SPX Aug 31st 4445/4465-4570/4590 condors for 1.00, deltas -.07 +.05, IV 14.6%

Expiring: Condor sold yesterday and additional put spread sold this morning.

#SPX1dte I wasn’t able to post yeterday, but around 12:30 PT…

Sold to Open $SPX Aug 30th 4420/4440-4545/4565 condors for 1.05, deltas -.07 +.06

#SPX1dte BTC $SPX Aug 29th 4465/4485 call spreads for 1.95. Played with fire by going with 8-deltas today. Will probably sell something else in a little while once we see if this rally has more steam.

#SPX1dte Sold to Open $SPX Aug 29th 4370/4390-4465/4485 condors for 1.387, deltas -.08 +.08, IV 20.5%

#SPX1dte Sold to Open $SPX Aug 28th 4350/4370-4460/4480 condors for 1.10, deltas -.06 +.06, IV 21.1%

#SPX1dte Sold to Open $SPX 4300/4320-4460/4480 condors for 1.20, deltas -.05 +.05, IV 33.1%

IV & premium elevated since Powell will be speaking at Jackson Hole at 10am ET

#SPX1dte Another day, another stop hit. That’s 4 for 4 on days with troubled trades. Since the week has been such a whipsaw and so far ALL of my closing stop trades ended up being more costly than necessary, I’m waiting this one out and not closing hastily.

#SPX1dte Sold to Open $SPX Aug 24th 4385/4405-4495/4515 condors for 1.15, deltas -.08 +.06, IV 22%

#SPX1dte BTC $SPX Aug 23rd 4450/4470 call spreads for .95. Condors sold earlier as a roll for 1.10. At least this one got me a tad bit a profit. Some day I will pick the right day to be long.

#SPX1dte Sold to Open $SPX Aug 23rd 4360/4340 put spreads for .90. Delta -.08, SPX at 4399.

Added to condor sold yesterday for 1.15

#SPX1dte Sold to Open $SPX Aug 23rd 4305/4325-4435/4455 condors for 1.15, SPX at 4384, deltas -.06 +.07, IV 16.1%

#SPX1dte This is an aggressive one: Sold to Open $SPX Aug 22nd 4345/4365-4430/4450 condors for 1.15, deltas -.06 +.09

#SPX1dte Market may have found its short term bottom and futures rose overnight, so trying a long call position today.

Sold to Open $SPX Aug 22nd 4375/4355 put spreads, delta -.09
Bought to Open Aug 22nd 4460/4480 call spreads, delta +.05
Total DEBIT -0.15

#SPX1dte Bought to close $SPX Aug 22nd 4435/4455 call spreads for 2.10. Condors sold earlier for 1.30.

My overlapping Tuesday trade didn’t work this week. But I will sell a new condor in the morning.

Expiring: Aug 21st 4310/4330-4425/4445 condors, sold this morning for 1.131

#SPX1dte Sold to Open $SPX Aug 22nd 4275/4295-4435/4455 condors for 1.30, SPX at 4375, deltas -.06 +.06, IV 18.3%

#SPX1dte Sold to Open $SPX Aug 21st 4310/4330-4425/4445 condors for 1.131, deltas -.07 +.05, IV 23.2%

#SPX1dte BTC call side for .10. Order in to close puts for the same. No trades for Friday due to my schedule.

#SPX1dte Sold to Open $SPX Aug 17th 4345/4365-4460/4480 condors for 1.25, deltas -.06 +.07, IV 23.25%

#SPX1dte Bought to close $SPX Aug 16th 4385/4365 put spreads for .30. Condors sold for 1.10 this morning. Stop was still 17 points below the day’s low thus far, but steering clear of the Fed minutes release coming in 45 minutes.

#SPX1dte Sold to Open $SPX Aug 16th 4365/4385-4480/4500 condors for 1.10, deltas -.06 +.06, IV 23.2%

FOMC minutes released today at 2pm ET, so I don’t expect a lot of decay before then.

#SPX1dte Bought to close $SPX Aug 15th 4410/4390 put spreads for .10. Took off one of the put spreads so I’m not doubled up. Leaving everything else for expiration.

#SPX1dte Sold to Open $SPX Aug 15th 4390/4410-4490/4510 condors for .85, deltas -.06 +.06, IV 22.1%, 1 hour 18 minutes after open.

I decided to wait on this as market dropped in middle of night and it seemed it would drop more after open. This is in addition to the condor sold yesterday, which is still open.

#SPX1dte Expiring: $SPX 4425/4445-4510/4530 condors, sold earlier today for 1.00 as a roll.

Keeping the Aug 15th 4395/4415-4535/4555 condors for 1.15 for tomorrow. Deltas ended day at -.03 +.06

#SPX1dte Sold to Open $SPX Aug 15th 4395/4415-4535/4555 condors for 1.15, deltas -.06 +.05, IV 15.3%

#SPX1dte Sold to Open $SPX Aug 14th 4390/4410-4500/4520 condors for 1.20, deltas -.05 +.07, IV 22.3%

#SPX1dte Both condors expiring worthless. I chose not to close either since market made no threatening moves. I’m also not selling for Monday now, since IV on Monday options is always super low on Friday afternoons, only 9.35% at 15 minutes before close.

Over last couple weeks, some of the more traditional width of 6-delta condors returned, with ability to get 100 or more points even if selling same-day. Hope that remains.

#SPX1dte Sold to Open $SPX Aug 11th 4380/4400-4510/4530 condors for 0.974, deltas -.05 +.05, IV 25.9%

This is inside the condor I sold yesterday for 1.20 (in the post below). I am planning on making this a “roll”, so I will close the other one… order in now to close for .25.

#SPX1dte Sold to Open $SPX 4365/4385-4525/4545 condors for 1.20, SPX at 4463, deltas -.05 +.07, IV 19.1%

#SPX1dte Bought to close $SPX Aug 10th 4430/4410 put spreads for .30, condors sold this morning for 1.15

My stop was NOT hit, but this stair-stepping down has me nervous I’ll face a bigger loss before the close.

#SPX1dte About three minutes after CPI report release: Sold to Open $SPX Aug 10th 4410/4430-4555/4575 condors for 1.15, deltas -.06 +.05, IV 28.2%.

#SPX1dte Bought to close $SPX Aug 9th 4460/4440 put spreads for 2.60. Condors sold this morning for .90. That wiped away most profit for the week, I am now at +0.44.

#SPX1dte Sold to Open $SPX Aug 9th 4440/4460-4545/4565 condors for .90, deltas -.05 +.06, IV 19%

#SPX1dte BTC $SPX Aug 8th 4435/4415 put spreads for .30. This is from condors sold yesterday. Stop has not been hit, but removing the double downside risk, leaving today’s 4440/4420 spreads in place.

#SPX1dte Sold to Open $SPX Aug 8th 4420/4440-4535/4555 condors for .95, deltas -.05 +.07, IV 22%

I still have 4415/4435 put spreads, so double risk on downside. Call spreads were more threatened at the close so I closed them, but then market dropped overnight, and IV is higher.

#SPX1dte Expiring: $SPX Aug 7th 4420/4440-4530/4550 condors, sold this morning for 1.00

Bought to close $SPX Aug 8th 4555/4575 call spreads for .35. Condors sold this morning for 1.05. Delta of the calls was .05, puts .02. So taking off most threatened side and leaving puts for expiration tomorrow.

#SPX1dte Sold to Open $SPX Aug 7th 4420/4440-4530/4550 condors for 1.00, deltas -.06 +.06, IV 21.3%

#SPX1dte Bought to close $SPX Aug 3rd 4445/4425 put spreads for .10. Condors sold this morning for 1.10

#SPX1dte Sold to Open $SPX Aug 3rd 4425/4445-4545/4565 condors for 1.10, deltas -.05 +.07, IV 23.35%

#SPX1dte Bought to close $SPX Aug 2nd 4505/4485 put spreads for 1.60. Condors sold this morning for 1.00.

#SPX1dte Sold to Open $SPX Aug 2nd 4485/4505-4600/4620 condors for 1.00, deltas -.07 +.06, IV 22.1%

#SPX1dte Bought to close $SPX Aug 1st 4535/4515 put spreads for .45. Condors sold earlier for 1.30.

Put deltas got up to -.09 a few minutes ago, but dropped to -.06 when I was filled. Call strike is +.04 so I will let that sit overnight. I will look to reload put side in the morning.

#SPX1dte Sold to Open $SPX Aug 1st 4515/4535-4625/4645 condors for 1.30, deltas -.07 +.07

#SPX1dte Sold to Open $SPX July 31st 4530/4550-4620/4640 condors for .876, deltas -.07 +.06, IV 17.65%

#SPX1dte Bought to close $SPX July 28 4600/4620 call spreads for 1.60. Condors sold this morning for 1.00.

Horrible week due to my major error yesterday. I had ruminated in the past that when I hit midweek with profit target already met, I need to be overly careful on Thursday and Friday. I forgot that, and when I should have closed put spread to remove risk, I instead sold a next-day condor. That error sucked 10.00 out of my accounts when market took a mid-day dive.

If today turns out to be a super rally I will take profits on the long Aug 2nd calls I entered this morning.

#SPX1dte Sold to Open $SPX July 28th 4495/4515-4600/4620 condors for 1.00. Deltas -.08 +.06, IV 19.3%

This should have been 1.05 or 1.10, I made an entry error and got filled for 1.00.

#SPX1dte Bought to close $SPX July 27th 4560/4540 put spreads for 4.00. Major suckage. I was so happy to be up +4.00 on a Wednesday, and it all goes up in smoke on a day I was trying to be careful.

#SPX1dte Sold to Open $SPX July 28th 4520/4540-4640/4660 condors for 1.00, SPX at 4595, deltas -.07 +.06, IV 12.9%

My bullish call fizzled out quickly so now focused on tomorrow.

#SPX1dte As yesterday’s trades expired worthless I am at +4.00 for the week, exceeding my $3 target. I did not want to risk that by selling a condor the evening after the Fed decision, which often triggers an overnight move. Sure enough, the market rose overnight and has now shown more strength after economic news.

Although we may be too toppy to continue higher today, I am still entering a bullish trade. I had to go with a pretty wide delta disparity to avoid paying a high debit.

Sold to Open $SPX July 27th 4560/4540 put spreads, delta -.15
Bought to Open July 27th 4635/4655 call spreads, delta +.05
Total DEBIT -.45, IV 17.8%

I don’t expect to reach the short call strike but getting close would allow for 2.00 to 4.00 in profit.

#SPX1dte Sold to Open $SPX July 26th 4520/4500 put spreads for 1.25. At time of fill: SPX at 4557, delta -.12

#SPX1dte Betting that we rise into the announcement and spike higher from there.

Sold to open $SPX July 26th 4510/4490, delta -.07
Bought to Open July 26th 4615/4635 call spreads, delta +.05

Total credit on trade: +.25

#SPX1dte Bought to close $SPX July 25th 4590 calls for .30. Condors sold for 1.05 yesterday. Also put spread sold this morning for .60, so profit on day 1.35

#SPX1dte Sold to Open $SPX July 25th 4540/4520 put spreads for .60. This is in addition to my condor sold yesterday.

#SPX1dte Sold to Open $SPX July 25th 4490/4510-4590/4610 condors for 1.05, SPX at 4552, IV 11.4%, deltas -.07 +.07

Expiring: July 24th 4490/4510-4575/4595 condors. sold this morning for 1.15

#SPX1dte Sold to Open $SPX July 24th 4490/4510-4575/4595 condors for 1.15, deltas -.09 +.07, IV 17%

This is pretty tight range, so be cautious if you follow.

#SPX1dte Expiring: $SPX July 21st 4490/4510-4590/4610 condors, sold this morning for 1.00.

Profit for week: +2.44

#SPX1dte Sold to Open $SPX July 21st 4490/4510-4590/4610 condors for 1.00, deltas -.08 +.06, IV 18.8%.

I still have the 4595/4615 call spreads from yesterday’s sale, so double risk on upside. Futures started an upside spike about 40 minutes ago, so if that has momentum I will need to watch the calls closely.

#SPX1dte Bought to close $SPX July 21st 4485/4465 put spreads for .50. Condors sold this morning for 1.05. Will leave calls to expire or maybe close cheaply.

#SPX1dte Bought to close $SPX 4525/4505 put spreads for .30. Condors sold this morning for 1.15. Stop was hit at the day’s low, then we bounced right away, so I was able to wait for a cheap price to close.

#SPX1dte Sold to Open $SPX Jul 20th 4465/4485-4600/4620 condors for 1.05, deltas -.06 +.06, IV 14.5%, SPX 4544

#SPX1dte Sold to Open $SPX Jul 20th 4505/4525-4595/4615 condors for 1.15, deltas -.08 +.07, IV 17.9%

#SPX1dte BTC $SPX Jul 19th 4560/4540 put spreads for 1.30. This leaves me flat for the week. I waited for third day to partake in the rally… surprise surprise, it didn’t work!

#SPX1dte Sold to Open $SPX Jul 19th 4560/4540 put spreads for 2.80, SPX at 4572, delta -.27

Selling a put spread only 12 points from ATM is not usually my style, but such is this bullish market. I may get a long call spread going as well.