#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.
Tag Archives: SPX5dte
SPX trades
#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.
SPX trades
#SPX1dte STOPPED Bought to close $SPX Nov 30th 4600/4580 put spreads for 2.50. Condors sold yesterday for 1.35.
SPX trades
#SPX5dte Bought to Open $SPX Dec 3rd 4645/4665-4675/4695 condors for 16.80, with SPX at 4668.
SPX trades
#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.
SPX trades
#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.
SPX trades
#SPX5dte Sold to close $SPX Nov 24th 4705/4725 call spreads for 3.00. Saving put spreads for later. I rarely sell call spreads first as this market relentlessly surprises to the upside. But I feel we’ll have another leg lower, at least today. Condors bought for 15.40 last Thursday.
SPX trades
#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.
SPX trades
#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.
SPX trades
#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.
SPX trades
#SPX5dte Sold to close $SPX Nov 17th 4655/4675 call spreads for 19.00. Condors bought for 16.25 last Thursday.
SPX trades
#SPX5dte Bought to Open $SPX Nov 22nd 4690/4710-4720/4740 condors for 15.05, with SPX at 4714.
SPX trades
#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.
SPX trades
SPX trades
#SPX5dte Bought to Open $SPX Nov 17th 4625/4645-4655/4675 condors for 16.25, with SPX at 4651.
SPX trades
#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.
SPX trades
#SPX5dte Sold to close $SPX Nov 10th 4670/4650 put spreads for 3.50. Saving 4680/4700 call spreads for now. Condors bought for 15.45 last Thursday.
SPX trades
#SPX5dte Bought to Open $SPX Nov 12th 4675/4695-4705/4725 condors for 15.25, With SPX at 4700.
SPX trades
#SPX1dte STOPPED, Bought to close $SPX Nov 5th 4595/4615 call spreads for 2.50. Condors sold yesterday for .95. Stop really was hit in pre-market when I should have exited, but fortunately we have faded from the highs so my loss is bearable.
SPX7dte/5dte Results
#SPX5dte (formerly #SPX7dteLong) I started this during the depths of the pandmeic-panic in April 2020. I was getting blown out on my #SPX1dte strategy with gap opens that hadn’t happened in years, and I realized it was pretty much guaranteed that the market would move more than 20 points each week. I stuck with it and it turns out it has been a workable strategy even in quieter times. After a weaker performance in Jan-Jun 2021, I started being more active with exits, rather than waiting for expiration. That as helped and you can see the trend improving in recent months. Happy to answer questions, and I can provide more details in the coming weeks.
The chart is tracking PER OPTION gains and losses, so does not account for quantities. Currently, for every $15,000 in each account, I am buying 1 condor per expiry in this strategy, and simultaneously 1 condor per expiry in my #SPX1dte strategy. So for this strategy from April 2020 to present I have made 10K for every 15K in each account.
SPX trades
#SPX5dte Bought to Open $SPX Nov 10th 4650/4670-4680/4700 condors for 15.45, with SPX at 4674.
SPX trades
SPX trades
#SPX5dte Bought to Open $SPX Nov 8th 4605/4625-4635/4655 condors for 16.20, with SPX at 4632.
SPX trades
#SPX5dte Bought to Open $SPX Nov 5th 4580/4600-4610/4630 condors for 16.25, with SPX at 4607.
SPX trades
#SPX5dte Sold to close $SPX Oct 29th 4575/4595 call spreads for 9.40. Puts sold yesterday for 5.80, so 15.20 total. Condors bought Monday for 14.55, so .65 profit. Pulling the plug early because of yesterday’s sell-off into the close.
SPX trades
#SPX5dte Sold to close $SPX Oct 29th 4565/4545 put spreads for 5.80. Still holding 4575/4595 call side. Condors bought for 14.55 on Monday.
SPX trades
#SPX5dte Order filled when $SPX was at about 4595: Sold to close Oct 27th 4540/4560 call spreads for 18.50. Puts sold for 3.35 yesterday, so 21.85 total, so 7.10 total profit.
SPX trades
#SPX5dte When $SPX was at 4551, sold to close Oct 27th 4530/4510 put spreads for 3.35. Still holding 4540/4560 call side. Condors bought for 14.75 on Thursday.
SPX trades
#SPX5dte Sold to close $SPX Oct 25th 4515/4395 put spreads for 2.00. Holding calls for now. Condors bought for 14.85 on Monday.
SPX trades
#SPX5dte Bought to Open $SPX Oct 27th 4510/4530-4540/4560 condors for 14.75, with SPX at 4536.
SPX trades
SPX trades
#SPX5dte Bought to Open $SPX Oct 25th 4495/4515-4525/4545 condors for 14.85, with SPX at 4516.
SPX trades
#SPX5dte Officially changing the name of my long trade to #SPX5dte from the gangly and inaccurate #SPX7dteLong.
Bought to Open $SPX Oct 22nd 4460/4480-4490/4510 condors for 14.85, with SPX at 4483.
Expiring with max credit of 20.00: Oct 18th 4365/4385 call spreads. Condors bought for 17.30 last Tuesday.
#SPX1dte Expiring worthless: Oct 18th 4380/4400-4515/4535 condors, sold Friday for 1.05.
SPX trades
#SPX1dte Sold to Open $SPX Oct 18th 4380/4400-4515/4535 condors for 1.05, SPX at 4468, IV 8.6%, deltas -.07 +.07
Expiring: Oct 15th 4345/4365-4485/4505 condors, sold yesterday for .95
#SPX5dte Expiring at max credit of 20.00: Oct 15th 4385/4405 call spreads, bought Monday for 17.20. Puts sold yesterday for .80, so total profit of 3.60.
Officially changing the name of my long trade to #SPX5dte from the gangly and inaccurate #SPX7dteLong.
