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Last seen: Jan 25, 2022
@navypack my understanding is it’s just a calendar quirk that it has been a long time since a month met the criteria: Month ends on Tuesday or Thu...
4395 for $0.95 midday and 4400 for $0.8 at close. Not as rich but still not too bad!
IV for 2 day puts ATM was around 10 but 100 points OTM was around 16. When short term vol goes low I still sell but try to get a little further OTM to...
4350-4000 depending on time of day for me. Premiums averaged 1.4. If I were trading 1 XSP while working I’d be up at 15 delta or more. If I were tra...
@earlyretirementnowcom didn’t know about that one. Thanks!
@navypack if you want to be super lazy and use Google sheets it’s just =googlefinance(“VIX”) and “.INX” will get you SPX. Then you can scale the daily...
@navypack I set myself up a little spreadsheet tab that gives me a “normal” daily premium target scaled to the current index price for me - just a bas...
Yep! That’s the definition ERN outlines in one of the posts too.
@jblack6572 I’m suggesting XSP which has the same size as SPY but acts like SPX. When you’re ready to move up from XSP you can go to the ES futures be...
Note with SPY although options expire at close you can be exercised up to 6pm and even if you’re slightly OTM. That’s an advantage of XSP over SPY, al...
I’ll sell one extra if a trade has gone my way, but for me 3 would be too many. I would close one of the two just to minimize tail risk. Especially wh...
Don’t forget that two portfolios with the same weighted average delta could behave quite differently. A portfolio with one ES put at 1 delta and one a...
@bginburg that’s where you can “normalize” it back to the number of contracts you are trying to sell to get portfolio risk. With one type of contract ...
Generally portfolio delta is multiplied by the relevant multiplier to calculate delta to adjust for scale and number of contracts. So a 5 delta option...
@navypack nice. Did you take that longer expiration yesterday because you were expecting vol to come down?