Anyone here trade SPX options around scheduled news using opposing stop-limit orders?
I had both a call and put armed above the current premium so whichever side exploded at 10:00 AM news yesterday would trigger first.
Only the put triggered, but I was instantly deep red and it got worse within seconds.
My guess is the premium briefly hit my stop, triggered the order, then the spread/repricing or immediate reversal gave me a terrible fill.
Is this strategy actually viable on SPX news candles, or are stop-limit entries too unreliable because of how fast options reprice?