finishing the week quite a bit below 15, I'm probably going to pass on the 45 DTE
index iron condor I ordinarily put on in RUT, SPX
, or NDX and look elsewhere for my premium selling plays; this usually means: either (a) look at earnings
plays or an exchange traded fund in which volatility
is high; (b) do a long volatility
play (such as the VIX
"Super Bull" shown below); or (c) hand sit.
Unfortunately, no exchange traded fund sticks out that has an implied volatility
of >50%, so it looks like NFLX
(see Post, below), is the only game in town at this point next week for premium selling.
I may also consider doing another "Super Bull" in VIX
options like the one shown below, albeit with slightly different strikes (e.g., 11.5/13.5/14/16) and in a later expiry.