WITH VIX <15, ROTATE INTO HIGH VOL EARNINGS OR LONG VOL PLAYS
With VIX finishing the week quite a bit below 15, I'm probably going to pass on the 45 DTE index iron condor I ordinarily put on in RUT, SPX, or NDX and look elsewhere for my premium selling plays; this usually means: either (a) look at earnings plays or an exchange traded fund in which volatility is high; (b) do a long volatility play (such as the VIX "Super Bull" shown below); or (c) hand sit.
Unfortunately, no exchange traded fund sticks out that has an implied volatility of >50%, so it looks like NFLX (see Post, below), is the only game in town at this point next week for premium selling.
I may also consider doing another "Super Bull" in VIX options like the one shown below, albeit with slightly different strikes (e.g., 11.5/13.5/14/16) and in a later expiry.
Unfortunately, no exchange traded fund sticks out that has an implied volatility of >50%, so it looks like NFLX (see Post, below), is the only game in town at this point next week for premium selling.
I may also consider doing another "Super Bull" in VIX options like the one shown below, albeit with slightly different strikes (e.g., 11.5/13.5/14/16) and in a later expiry.
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