re: Options Trading Thread

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Ok..... 0DTE.... what are you thinking guys?

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That pop in the VIX certainly raised the “wage rate” for us premium sellers today.

So yes, in my business account I put on a decent sized 0DTE far OTM/5delta short put spread position on SPX earlier in the afternoon. I had to be away from my screens until about 3PM and I didn’t want any dramatic surprises. As the S&P bounced off 4950, they turned to dust by 3:15 or so.

In my investment account, I had a couple of small lots of 4/19 cash covered puts on AXP at 205 and 210 strike, MO at 40 and WHR (became the proud owner of WHR @ 105 strike) and some 19 strike covered calls on KMI. I’ll likely do several earnings trades in the investment account during earnings season, but not so much that it distracts me from my actual “job” of trading.

Very good week. Hopefully vol will hold this range (or go higher) and I can make up for the low vol days this year.