I rarely look at the ovx but I'm so bored I'm testing out some different option strategies.
But as far as what I'm in now I feel like I'm skating on very thin ice even though it's cold as shit outside. Right now I'm short some 89 and 90 puts and short 6 QMs and even though I've been just wrong on the direction I haven't been losing any money on this trade thanks to time and this crazy decline in vol but now looking at this OVX chart and I'm thinking for every 1% increase in vol I'll lose like 350 or 400 bucks on these puts.
About a month ago I said I wanted to get more directional because I felt like I was beating a dead horse but I guess the horse had a few more lives and I got sucked back into this seemingly easy money. But I'm seriously done this strategy for a while, if I mention anything about selling any kind of options slap me in the head.
But as far as what I'm in now I feel like I'm skating on very thin ice even though it's cold as shit outside. Right now I'm short some 89 and 90 puts and short 6 QMs and even though I've been just wrong on the direction I haven't been losing any money on this trade thanks to time and this crazy decline in vol but now looking at this OVX chart and I'm thinking for every 1% increase in vol I'll lose like 350 or 400 bucks on these puts.
About a month ago I said I wanted to get more directional because I felt like I was beating a dead horse but I guess the horse had a few more lives and I got sucked back into this seemingly easy money. But I'm seriously done this strategy for a while, if I mention anything about selling any kind of options slap me in the head.
