Delta neutral trade on SPX futures right now. Volatility is high enough that it yields enough money putting short Iron condors on the SPX. I am using futures for this trade.
The crazy part about this trade is I have great probability of profit of 77%!!! and I only have to be correct for two days with this trade. Currently it is already green. I love these deta neutral trades because it is low risk, and there is NO emotion as there is no direction it needs to go for you to make money. Just got's to go sideways.
As long as it is in this range we make money. Statistically it should! With volatility this high $$$ - option premium is a great way to make money. So let's start selling that theta folks!!
So with Aug 9th exp I put on the following trade:
I feel like I am just printing money over here!! #EasyMoney
The days of trading with high delta's is largely gone for me.
The crazy part about this trade is I have great probability of profit of 77%!!! and I only have to be correct for two days with this trade. Currently it is already green. I love these deta neutral trades because it is low risk, and there is NO emotion as there is no direction it needs to go for you to make money. Just got's to go sideways.
As long as it is in this range we make money. Statistically it should! With volatility this high $$$ - option premium is a great way to make money. So let's start selling that theta folks!!
So with Aug 9th exp I put on the following trade:
- Purchase 2800 Put /ES Futures
- Sold to open 2810 Put /ES Futures
- Sold to open 2950 Call /ES Futures
- Purchase 2960 Call /ES Futures
I feel like I am just printing money over here!! #EasyMoney
The days of trading with high delta's is largely gone for me.