My bread and butter trading in the past while has been Iron Condors and Calendars/Double Calendars. Been working fine as I know how to adjust, roll, protect etc Now that the market has gone into this period of high vol its become obvious to me that selling vol and capturing some theta in this market is silly since there is so much delta/gamma on offer. This became obvious only after I finished off last months trading where I had an IC, bought some downside protection, had to roll twice to make a very small but stressful profit. When I looked back at the chart I thought why the hell didn't I just go short? So just wanted to start a discussion with traders who do monthly option trades on what you guys do when market conditions change. Like even with the vol on offer would you place IC's? ATM Flys? or Cals?