SPY/DIA/IWM/QQQ -- Not a Premium Sellers Market
With IVR around 10 or below (6-Month Dough) in the indices, it's hardly a premium seller's market, at least as far as the indices are concerned. If that is what you strictly do, then you -- like me -- are probably doing a bit of hand sitting, managing the trades you put on when volatility was high, or looking for other premium selling plays, such as earnings plays.
Me personally, I primarily put on non-directional, delta neutral strangles and iron condors and don't like to mix and match debit spreads, calendars spreads, and low vol strategies with those so that I can manage the IC's and strangles without having to think too much.
A NOTE ABOUT MY CHARTS: If you look at my charts, well, they don't have much on them. Since I only trade options based upon the modelled probability of a particular financial instrument staying above or below a particular strike price for a particular time frame, embellishing the charts with various indicators, trendlines, etc. isn't particularly useful in the vast majority of trades I make unless I have a clear directional bias or if we have a clearly established level in play that I can take advantage of in setting up my strikes.
Me personally, I primarily put on non-directional, delta neutral strangles and iron condors and don't like to mix and match debit spreads, calendars spreads, and low vol strategies with those so that I can manage the IC's and strangles without having to think too much.
A NOTE ABOUT MY CHARTS: If you look at my charts, well, they don't have much on them. Since I only trade options based upon the modelled probability of a particular financial instrument staying above or below a particular strike price for a particular time frame, embellishing the charts with various indicators, trendlines, etc. isn't particularly useful in the vast majority of trades I make unless I have a clear directional bias or if we have a clearly established level in play that I can take advantage of in setting up my strikes.
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