@tommking7 Hard to sell premium when NQ and ES melting up every day.. might have to choose some boring stocks instead of indexes. And I know you don’t like stocks 😀
@tommking7 How about selling Iron Condors when IV is high and expected to fall, focusing on wider spreads for better premium-to-risk ratios, further out-of-the-money strikes to manage Vega, and shorter DTE to minimize exposure to sudden volatility
@tommking7 But if strikes wider than expected move, trade can have over 90% POP even though increased IV may stretch BP… trade still works if it stays in the profit tent, theta decay awesome to see in this market
@tommking7 The company I work for is owned by United healthcare. I appreciate being an insurance agent for Medicare plans in 16 states, but I won’t buy the stock. I know the challenges behind the scenes. Not financial advice, just my take.
@tommking7 This is historic… bear call spread just to capture even a small profit in a few hours during a quick minor retreat? but it can go up even higher 😖