Today I am seeing some selling in CROX. It is hovering around its 20-day moving average and a scan of the news shows me nothing that raises concerns. The position remains open.
Back to the SPX, now. With implied volatilities so low, selling credit spreads is not the easy pickings we would prefer. For us, March is a closed chapter. April's expiration is less than 60-days away, so we can start looking there.
Because we are selling additional time, make sure you receive an additional reward for extending the time horizon. I have looked at the chain and the premiums are not particularly rich right now. The SPX is off a bit more than 4 points today, but the VIX still remains low at 10.43.
Christopher Smith
TheOptionClub.com
Discover the stock options strategies favored by professional traders in our FREE options trading mini-course!
Subscribe To
Posts
Comments
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment