So how are those put selling programs working out?

Quote from stock777:

I notice very little comment on the wonderful easy money that must have been made
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Yes, those funds do a "reset" just about every 2-3 years. Of course, that never stops the stampede into these funds that always think "this time is different" or the "Fed will never allow the equity markets to drop".

Time always has a way of creating such unfounded complacency.
 
I run a vol arb commodity pool which is short vola. I'm (very slightly) up for the month.

Not all option sellers are the same.
 
Quote from stock777:

I notice very little comment on the wonderful easy money that must have been made
More...
The easy money was made by those on the other side of those trades :)
 
Quote from falcon:

Im so glad I never jumped on the Iron condor bandwagon.
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With the early part of this year being fairly stagnant, I did a lot of backtesting on Iron Condors. I too just couldn't pull that trigger and I'm glad I just waited for the beeg show to resume :)
 
If they were smart they got out of the market last week. I don't do Iron Condors but I did have one iron butterfly on IBM that I took a 3% loss on and double calendar positions on SPX and MCD that I exited last week. I had a bearish directional bias already in place on them but was nervous with the current market so I got out with 6% and 9.4% gain on them. Luckily I left my long puts in place on the SPX and covered them at the close today. So now I am flat. All the percentages were ROI not my entire account balance.
 
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