SPX Credit Spread Trader

There were other premium strategies with better R/R than wtfotm that worked pretty good

 

SPX off 0.5% already and VIX only up 0.09. Must be anticipating the rocket bounce to +2.0% eod.

 

Perhaps, or perhaps people weren't convinced by the last rally. You'll notice VIX has made higher lows on each rally.

 

...or it is true what they say and the VIX has a floor somewhere around 10. IMO, SPX put premiums can only get so cheap. I cant imagine a scenerio where they are selling for nothing.

 

The drop today is helping my diagonals somewhat but need that VEGA spike. We are down almost 7 and the VIX is up .04, kind of perplexing isn't it? Can only take what the market gives us, right now I would like it to give me a VEGA spike to go with the drop .

 

I've been noticing that as well. No one is scared. Thats very good for us bears

 

SPX down 5, VIX down .12. Big rally must be coming! I'm going to lunch in a few minutes, I'm sure I will come back and SPX will be up 5-10 .

 

buy RUT Nov/Oct 710 Put for a debit of 6.85 to create a delta neural position.

 

I think SPX will move back to 1350 before the close. Will see if it stays there or bounces off...

 

A very cerebral strat

SPX&NDX coiling like springs...