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Last seen: Jul 28, 2026
@chris-b Wow, that seems like a drastic move. I agree that bonds have gotten a bit more attractive. And yields have now come down again from Oct 24 to...
@navypack Agree. The trick is to spread out the trades. Instead of 8 puts expiring on Friday like in a normal week, sell 5 for Friday AM and 5 for Fri...
@navypack That's the plan! 🙂 I like those weeks with 6 expirations!
@john Almost. I think the Friday AM options stop trading at 1pm PDT. So, I sell the Friday AM options right before the market close. Correction: T...
@john And yes, I got plenty of extra margin funds available. I can sustain 12 contracts expiring today and already roll the next 12 for tomorrow befor...
Reminder: This week we have 6 expirations. The SPXW for 10/20/2022 is for the Thursday PM closing. The SPX for 10/20/2022 is for Friday AM expiration....
@john That's a very impressive hit ratio. So far, this year, I'm at only 30% premium kept. But I've been "churning" a lot more contracts than normal, ...
@fi4wanderlust 9/13 and 9/23 expiration caused small losses. Not because the market went ITM. I closed the positions for a small loss before expiry, j...
@john If the old puts are trading with a B/A =0.00/0.05, I just leave them. As you said, I trust that a 6 or 7 sigma event doesn't happen all within t...
@chris-b Thanks for the link! Eyeballing that forecast (currently at "only" 7.10% (not 7.7%), that seems like a reasonable forecast considering the po...
@setspreads Well, that dinged me yesterday. I sold the 3650 and 3655 puts when the index was at 3780. Then the S&P dropped to 3757 in the last 10 ...
@navypack I try to play those Friday AM expirations every month. Seems like a safe bet. Recently, the intra-day vol has been much higher than the over...
@chris-b Most recent FFR futures now signal a 4.7% peak in the rate by mid-2023. This would have been a good trade. I personally think the Fed mig...
Lots of volatility right now! There's a chance that people will lose their marbles again in light of next week's FOMC meeting. My recipe right now: ...