re: Options Trading Thread

quote:

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Bumping for Jag and Friends

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Thanks.

Jag wishes the VIX/IV on SPX would pop, so that premiums would get off these minimum wage levels.

With the VIX being in the 12s, it’s difficult for me to do my “normal” trades without having to get too close to the flame, and my guidelines would force me to only use a small percentage of capital - not worth the risk. It’s put me on the sidelines as far as shorting index options this week. Pretty much all I’ve done is sell some contracts on earnings plays in my investment accounts (nothing in the trading account since last week). 15 delta WMT short puts printed nicely today.

If anything, with dirt cheap premiums, now would likely be a crossover point that could justify being net long or putting on debit trades.