The market took a tumble today and my guess is there is more to come going forward. Although, as an options trader, the direction of the market doesn’t really matter too much. As an options trader who focuses on options selling strategies, it’s all about the volatility. As long as implied volatility for SPY stays above the historical average all is well in the land of high-probability options strategies.
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I’ve started off the year with several successful trades, but admittedly the trades have been few and far between. That’s about to change. Stay tuned!!!