Nothing has changed! Volatility continues to remain high across the board. In fact, volatility in SPY has increased over the past few weeks. Moreover, the IV rank and IV percentile of SPY remain high, which means there are plenty of opportunities to use a variety of different options selling strategies. As I’ve stated numerous times… Read more »
As always, if you have any questions, please feel free to email me or post your question in the comments section below. And don’t forget to sign up for my Free Weekly Newsletter for weekly education, research and trade ideas. Credit spreads have been the strategy of choice during what has been a bull market in volatility. With… Read more »
Before I get started I want to encourage all of you interested in trading options to sign-up for my free weekly newsletter. No, I’m not going to send you more than the one email a week and no, I’m not running a service. I’m a trader. This is completely free from all marketing. You will… Read more »
Volatility continues to remain fairly high across the major indices. And as volatility increases (or at least remains above normal levels), trading opportunities increase, which opens up the options playbook significantly. One security that continues to offer plenty of opportunities to sell premium is the ProShares Bitcoin ETF (BITO). Bitcoin, along with many of its… Read more »
Short Strangle Starbucks Statistically speaking, it doesn’t get much better than the short strangle. Many professionals claim it’s the ultimate options strategy. And there is no doubt it is the bread-and-butter options strategy among most traders that take a quantitative, or mathematical approach to trading options. A short strangle is a neutral, range-bound options strategy… Read more »
I posted a few bearish opportunities in USO earlier in the week. In that article I mentioned the current heightened levels of volatility to show that there are trading opportunities everywhere! And as some of you already know, when implied volatility (IV) is high, as seen through IV rank, IV percentile and various other measures,… Read more »
Back on February 16, with implied volatility heightened, I discussed a potential iron condor trade in the S&P 500 (SPY). At the time, as posted, we sold the iron condor for $0.85. Now the spread is worth roughly $0.50, for a 7.5% return. Not bad for a few weeks, especially when you consider our probability… Read more »
SPY Iron Condor Back on January 24 I traded an iron condor in the Dow Jones (DIA). At the time, as posted, we sold the iron condor for $0.80. Now the spread is worth roughly, $0.12, for a 15.7% return. Not bad, especially when you consider our probability of success on the trade was over… Read more »
DIA Iron Condor The emails have been rolling in as of late. Everyone wants to know some of the best options strategies to use during high implied volatility environments, much like what we are witnessing right now. Well, you could try bear call spreads, bull put spreads and really anything where we are selling premium.… Read more »
This week starts the beginning of another round of earnings. The big banks start of the earnings season with JP Morgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) leading the charge. As always, I will be posting frequent trades during earnings season so check on the site from time to time for any updates.… Read more »
You’ll get Andy’s latest trades and takes on the market, along with four free options trading reports, discussing High-Probability Trading, Poor Man’s Covered Calls and more!
