... for a 3.35 credit.
Comments: Having stripped quite a bit of long delta off and given the fact that I still have short delta hedges on, adding back in some long delta in longer duration, targeting the <16 delta strike paying around 1% of the strike price in credit (since SPY is no longer paying in shorter duration with IV dropping sub-25 here).
Naturally, if we get another pop in volatility, I'll wade back into shorter duration stuff, assuming SPY is paying; otherwise, I'll reserve shorter duration buying power for the other two broad market ETF's that ordinarily have higher IV than SPY -- IWM and QQQ. Alternatively, I'll look to instruments with high correlation with the broad market to dip my toe in (e.g., XLK (.97 3-month SPY correlation) or SMH (.90 3-month SPY correlation).
Comments: Having stripped quite a bit of long delta off and given the fact that I still have short delta hedges on, adding back in some long delta in longer duration, targeting the <16 delta strike paying around 1% of the strike price in credit (since SPY is no longer paying in shorter duration with IV dropping sub-25 here).
Naturally, if we get another pop in volatility, I'll wade back into shorter duration stuff, assuming SPY is paying; otherwise, I'll reserve shorter duration buying power for the other two broad market ETF's that ordinarily have higher IV than SPY -- IWM and QQQ. Alternatively, I'll look to instruments with high correlation with the broad market to dip my toe in (e.g., XLK (.97 3-month SPY correlation) or SMH (.90 3-month SPY correlation).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.