re: Options Trading Thread

Thanks Brobocop. Nice work.

I was listening to Josh Brown late last week and he made the point that whenever the VIX settles into the 20-sub 20 range, the market has consistently sold off shortly thereafter. So I skewed my short synthetic SPX strangles heavily to the call side. Lowest short calls were at 4100. Ol’ Josh was dead on! Like clockwork, the markets cratered on Monday and continued downward. All those trades turned bright green by yesterday.

Actually threw on a couple of 0DTE SPX short put verticals yesterday at 3915 based on some technicals. First time in a VERY long time that I’ve done that. But it worked out well enough. Requires watching closely though.

With the recent daily volatility, I wouldn’t be unhappy with the slight P&L loss you’ve had so far. That’s not bad at all for that type of short dated strategy.