SPY/DIA/IWM/QQQ -- Not a Premium Sellers Market
With IVR around 10 or below (6-Month Dough) in the indices, it's hardly a premium seller's market, at least as far as the indices are concerned. If that is what you strictly do, then you -- like me -- are probably doing a bit of hand sitting, managing the trades you put on when volatility was high, or looking for other premium selling plays, such as earnings plays.
Me personally, I primarily put on non-directional, delta neutral strangles and iron condors and don't like to mix and match debit spreads, calendars spreads, and low vol strategies with those so that I can manage the IC's and strangles without having to think too much.
A NOTE ABOUT MY CHARTS: If you look at my charts, well, they don't have much on them. Since I only trade options based upon the modelled probability of a particular financial instrument staying above or below a particular strike price for a particular time frame, embellishing the charts with various indicators, trendlines, etc. isn't particularly useful in the vast majority of trades I make unless I have a clear directional bias or if we have a clearly established level in play that I can take advantage of in setting up my strikes.
Me personally, I primarily put on non-directional, delta neutral strangles and iron condors and don't like to mix and match debit spreads, calendars spreads, and low vol strategies with those so that I can manage the IC's and strangles without having to think too much.
A NOTE ABOUT MY CHARTS: If you look at my charts, well, they don't have much on them. Since I only trade options based upon the modelled probability of a particular financial instrument staying above or below a particular strike price for a particular time frame, embellishing the charts with various indicators, trendlines, etc. isn't particularly useful in the vast majority of trades I make unless I have a clear directional bias or if we have a clearly established level in play that I can take advantage of in setting up my strikes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.