Sold 1 SPX and 8 XSP for 250 points below futures price. Very high IV, and the futures already predict a higher than 90 points drop. Going to be a wild ride today.
Category Archives: Trade
16/10/2025
Sold 1 SPX and 8 XSP for 125 points below futures price. Premiums and IV are still elevated. Perhaps waiting for the shutdown to end to receive a flood of economic data.
Market is dropping more than 1%. Hope the strike cushion was enough.
15/10/2025
Sold 1 SPX and 8 XSP for 110 points below futures price. Premiums are still quite high.
14/10/2025
Sold 1 SPX and 8 XSP for 240 points below futures price. Option sellers don’t want to be caught off guard like Friday.
13/10/2025
Sold 1 SPX and 9 XSP for 150 points below futures price. Trump’s words still have a large effect on IV.
Hopefully I’ll be able to resume 2 SPX soon.
Also need to re-buy after the forced liquidation on Friday.
Sacrificed one XSP (at a profit) for some buying power to buy back all liquidated positions. Missed half the gains today since I had cash.