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Roger. I've been in (4 or 5) delta range, but I like the concept of lower risk (2 or 3 delta) for a few days.
Fun day today, with possibly many more to come.
After a month of trading only NDX, the premiums on SPX today were more preferable. I sold between 2900-2995 today for 10/30 - I know its more conservative than others, but I like the 1-2 delta range, but with higher leverage.
2900 to 2950 for me. Not a bad risk to take! 🙂
Looking at 300 points OOM with 2.3 delta for $1.45. Very strange and high IV.
What's your thoughts for Nov 3rd? I was thinking maybe to skip the day, but seeing IV above 50, seems to be fairly safe to participate.