I am generally not taking directional positions. I am selling OTM calls and puts and hedging with YMs. Most months, there is slight managing necessary, some none at all. This month, there was more "rebalancing" than usual. What is frustrating is not being able to roll out the contracts when the market is moving or unstable (relatively speaking).
Having to buy/sell ES futures positions in these situations is a pain. When the volume based MMs show up with 150 to a side, the spreads are pretty tight, given .25 tick increments.
Having to buy/sell ES futures positions in these situations is a pain. When the volume based MMs show up with 150 to a side, the spreads are pretty tight, given .25 tick increments.

