fuzzballl 9:46 am on Wednesday, October 30, 2024

SPX

IV and expected moves between today and Friday of election week. Highest I have ever seen. Mind blowing put premiums.

MikeL 9:58 am on Wednesday, October 30, 2024

Are you planing to take advantage of this?
- fuzzballl 10:05 am on Wednesday, October 30, 2024
  
  Absolutely. Sitting on 5835s for Friday this week. Really hoping to get out of them. If I can’t I’ll roll out and down to Mon and Tue. Ultimately would like to go into the Wed sale being able to pick anything I want. Then it’s just a matter of deciding how aggressive. A one day 50 point sale would be epic! LOL
  
  Since I reset all the LEAP shorts higher I can be more aggressive since I’ve eliminated the big gap between the daily put sale and the long LEAP put I’m selling it against.
Jeff 11:52 am on Wednesday, October 30, 2024

5460 and 6080 would be the short strikes for a Nov 8th 6-delta condor. I actually can envision the call side being hit, but I don’t think there’s going to be a crash with either candidate winning plus the Fed decision.