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Last seen: Apr 10, 2021
Stopped selling short dated puts for the time being. Currently running a long LEAP (Dec'22) and 2 short puts (September'21). These are using XSP, inst...
Closed out the 3790 at the mid-way mark just so I could feel a little better in case there was a selloff at the closing bell. Wrote a 3620 for Monda...
IV is getting crushed hard. 2.5% buffers for over the weekend? No bueno,
Not a big fan of the VIX dropping, which is causing these <5% buffers. Going to start building out that VIX ladder I think.
@navypack I don't think you can with 30k equity, since equity is worth half the margin as cash. You can write an SPX (at 3000) put with 30k cash for s...
Sorry but I think writing using SPX options with 30k in equity (ie: effectively 15k cash for margin requirements) is a bit insane. If you write a s...
Wrote 3535 for 1.00
Wrote 3420 for 2/1 for 1.05 (~1'ish delta).
@navypack I closed the 3350 (1/29) for .10 and then wrote a 3600 (1/29) for .50.
@navypack I'm using a ~65k portfolio to write options on an index at $370k. I need to play it safe. The market also further slid after hours from -2...
Wrote a 3350 for 1/29 for 1.55.
Wrote the 3670 strike for 1/27. Also trying the 4-mo VIX call ladder, as found here:/p> Probably not an ideal time to start as the VIX curve is ...