ES Journal - 2023/2024

vanzandt said:
It's relative. Depending on how long you want to hold them. They went up to $4.25 shortly after I wrote that. If one doesn't want to go for a grand slam, and you see a reversal like that, just grab a quick 10% return.

There's 3 very volatile days left this week too, and nvda could easily go above $112 for a 100% plus return.
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My point regarding Street vol is that it will drop at the open due to reports. It hits vol throughout the sector. The upside is that vol ramps on the 1-2 DTE stuff as the thing becomes a digital. The downside is there is rent attached.

You're better off taking implied vol out of the equation in a bull spread.
 
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