Recent content by parallax

Hi all, recently started selling vertical put spreads at .15-.25 Delta. It's been going well these last few months as the volatility's been flat and now it looks like i might need to defend my first position. So i wanted to get your feedback. Here's the scenario - 2 weeks ago, I sold the $SPY...

Anyone sell covered calls or naked puts on this with any success?

I put $250 into a NADEX account 3 weeks ago just to test this out. I've done a few daily Index BO's but mainly played with 5 min expiration USD/JPY trades. First off, the spreads will wreck you. For USD/JPY pairs, you're looking at >12% spreads depending on the market. Price action moves too...