NaughtyPines

WITH VIX AT 27, WHAT OTHER REASON DO YOU NEED?

AMEX:SPY   SPDR S&P 500 ETF TRUST
With VIX at 27, I got a Nov 6th 170/173/198/201 SPY iron condor filled for a 1.01 credit (again, sorry about not noting the stats).

Look for similar setups in IWM, DIA, and QQQ 45 DTE while this little bit of volatility lasts with your short put strike at the 1 SD line and your short call strike at the expected move for the expiry, going 2-3 strikes wide with your long call and long put ... .
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