/ES trades 23/5 and did not have time to trade today, so I am looking at legging into a short strangle. Nice boost to premiums with the still small vix spike. Will probably leg in, tech indicators are about to give long signal. Went back to SMI, percent r still too whippy even with the longer settings. See below and if you want the smi settings I can post. To be honest, I personally like /es better than spy or spx. Better margin, more trading hours, easier to hedge with a smaller $ amount, good liquidity, and better margin treatment.
So signal just printed while I am writing this. Selling the 45 DTE 2575 put at 7.5 (went through). I will wait on the call side in case this is another BTFD. This is a delta 8 option.
Options Bistro 