Looks good to me, even would follow but will keep account liquid as is with some (of my first time ever) naked puts on since the monthlies were around 45 dte.
NaughtyPines
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@Tom1trader, Awesome. I'm doing a bit of hand-sitting here in this sub-15 VIX environment. Not seeing a ton that's giving me that "come hither" look.
Tom1trader
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@NaughtyPines, understood, hard to farm theta in a drought? One thing I do is look first at IV percentile instead of IVR, for example yesterday SPY was around IVR 25 or 1/4 way up from years bottom to top but its IVP was around 72% saying 72% of the time it was below its current IV. In other words IVP throw out the short spikes that you probably wouldn't catch anyway if trying to trade them. I think you do something similar from your discussions by looking at combination of IVR and current IV. Seems to me the browser TW platform gives a choice of IVP, I get it at marketchameleon. Another way of looking at it is the same stock list sorts completely different IVR and IVP. Asked Tom and 'Tony about it on the call in segment they used to (still?) do they recommended using one or the other not both.
NaughtyPines
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@Tom1trader, IVR can be slightly misleading if you've had an oversized vol spike in the previous 52, so it makes it appear as though it's low in the range, when, in the grand scheme of things, it's higher than usual (but for the earlier spike), so you kind of have to take IVR with a grain of salt. I tend to stick to IVR just to keep things simple, although I occasionally have toggled between 52-week and six month just to see if I can weed out out some of the spike noise. I also use the old school "what's it paying" test on a lot of things: a short straddle should bring in 10% of the share price, a 25 delta 5-five wide IC should pay more than 1.66 (one-third the width of the wings), etc.