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I sold Monday 7/19 4280 s for 1.10
Early again đ Today is a day that the 30 minute rule would have helped. Not sure it doesn't all even out in the end.
I sold a 4235 strike at $1.0. Just half an hour later I managed to sell a 4215 at $1.05! Unlucky but I just don't think it's too big of a deal. You just don't know what will happen between when you sell a put and when the market closes.Â
Does ES not have a Monday 7/19 option? I see it for SPX and XSP but after today, the next expiry for ES is on Wednesday. I am using Interactive Brokers.
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@carbofos thanks, Iâll look into that. I was able to trade it on the app on Friday and then today it showed up on TWS. No idea why it didnât show up in TWS last week but good to know thatâs a setting.
@bginburg mobile app and desktop tws are completely different products. They have started to share same server settings a few years back, but still desktop tws is a legacy product with its own luggage
I once stumbled upon the same problem as you. It's the CME product codes and has to do with expiration dates: https://www.cmegroup.com/trading/equity-index/weekly-equity-index-options-on-futures.html
Sold Monday 4240 for $1.00 at 1100 Eastern. A little negative now, but 90 points Monday would be a big drop.
Same, sold a 4240 Put right around market close on Friday, so keeping a keen eye there. At least the volatility increase is helping for Wednesday's puts - looking now and a 5D put is around 4060 or so, so over 2X the drop from Friday's close to 4240 and also at 2X the premiums, so fingers crossed if there is a loss today, it can be recovered soon enough...
I hope theres a little rebound towards market close so you guys dont take too much of a hit! My strike expiring today is at 4200. I sold Weds expire at 4100 earlier this morning when it was at 5.7 delta. It's already gone up to 8.7 delta.
As difficult as it is, I'm putting on Wed positions. Hard to add more risk when you are getting kicked in the teeth. My takeaway from ERN's article about how the strategy handled the March 2020 bear market was that the initial decline and vol pop caused the losses. All subsequent short puts expired OTM. And, the increased vol environment allowed him to recoup his losses more quickly than expected.
Trying to stay the course.
@e-trader Exactly! When VIX pops is when there's lots of juice to squeeze. I've learned to just try to stay constant with my deltas and dont get too greedy to win back losses.