re: Options Trading Thread

Kirk doesn’t seem to be updating his podcast these days. But you’ll still get a huge amount of information and knowledge from his older episodes. Additionally, he has (had?) been good about answering basic questions by email. Nice guy too.

He’s also a UVA Wahoo, so I’d be hard pressed to say anything bad about him.

In today’s action, I’ve got several lots of 0DTE SPX iron condors/synthetic strangles. Short options at 5105C(alls)/4955P(uts).

As I structured these this morning, I legged in and launched the call spreads first. By the technicals, I saw more risk to the downside than a melt-up to the upside. So as the market began to lose steam, I then put on the put side, tagging S&P 5000 to have meaningful support by the close. We’ll see if that read was accurate.