Finally have time to look at the market, I see we bounced from the lows this morning. That did not last long but at least the VIX is high enough to sell some /ES again.
STO only 2 contracts 44 DTE /ES 2360 put at 6 and 2660 call at 2.25. Market makers sticking with natural price today, could not get the mid point.
Only have enough cash for 1-2 of these each week. Plan is to add another one each W-F starting as close to 45 DTE as possible and harvest profits in 3-4 weeks as an #optionladder.
An extended move in either direction will use the future to hedge which currently requires 6k for each contract.
These are delta 8 options and usually decay to delta for in 3-4 weeks.
Options Bistro 