re: Options Trading Thread

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iron condor

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This is how I have been setting up most of my 0DTE SPX trades, albeit I have been taking one side initially then waiting for market direction to enter in the other leg.

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Has it been working for you on the 0 DTE?

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So far yes, that being said I did have 1 roll on the call leg earlier in the week that I was able to sell yesterday and maintain profit.

Now on NDX it is too early for me to tell, as mentioned yesterday I took a partial loss b/c I could roll the lower leg at last moment when selloff went thru my sold put. I have call and put spread on now but using some pretty wide ranges to help reduce the volatility risk and still get decent credits.

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roll out the DLTR

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Did this exact thing this morning for the same reason. I rolled to 1 SEP 125/115 which is still technically out of the money and could get assigned but felt like it would be above that early next week and willing to risk.

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This is how I have been setting up most of my 0DTE SPX trades, albeit I have been taking one side initially then waiting for market direction to enter in the other leg.

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Exact same thing that I tend to do - especially with the short dated SPX trades. Even on equity earnings trades, very seldom do I put on both sides of an iron condor, strangle or jade lizard at the same time.

I am playing NIO just for fun since the IV is like 80.

I tried to find a decent entry to NIO but couldnt make it work.

I took some lower legs this morning in SPX and already exited those at around 60% however misread direction completely after jobs report and consumer index thinking the rally was a bit of a false jump and took some long legs in SPX and NDX which if it doesn't correct around late lunch time I will have to roll out.

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took some long legs in SPX and NDX which if it doesn't correct around late lunch time I will have to roll out.

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You went long some short dated puts? Sorry, didn’t understand.

That rally was a rocket. I put various SPV & SCV orders in and took them off within minutes. I have 12 canceled orders on my screen! Couldn’t get a handle on the market sentiment until later in the morning. My early morning 4415 SPVs on SPX (that I killed) would have been fine, but even my SCVs at 4515 looked iffy for a bit.

I might put on a small CRWD play for tomorrow, but I’m now essentially done for the week.

I'll have to check. Honestly I forgot which way I played it.

Also, I played CRWD before I saw your post. Ended up going with 132/122 spread for .85

OK, now I understand. Until it hit resistance at 4500, it seemed set to break above that late in the session. Hopefully you can roll the call sides til this rally subsides.