The $VIX hit a low of 12.80 on Wednesday (10/28). So unless and until that low is breached, this is the level we monitor to look out for the first Danger Zone metric: 50%, 100%, 150%, etc, UP from 12.80. So set an alert for VIX 19.20 (50%) and VIX 25.60 (100%). Also, watch for the 2nd metric, which is 25% or greater 1- or 2-day increase from any day’s close.
Author Archives: Jeff
SPX Nov 6th (one week) iron condor
#SPXcampaign Sold $SPX Nov 6th 1995/2020/2130/2155 iron condors for 1.90. 10 delta; part of rolling needed for stops taken in call spreads.
SPX call spread ROLL
#SPXcampaign #Rolling STO $SPX Nov 13th 2130/2155 call spreads for 2.85. 1.5x position size. This is a roll from my Nov 6th 2100/2125 that was stopped out earlier this week.
Options Bistro Launches!
Hello Traders!
Today I launch this blog, Options Bistro. It is meant as a place for options traders to share strategies, ideas, questions, frustrations, and knowledge with each other. I plan for it to eventually grow into a broader site for a community of traders.
I launch at this moment to a grand total of 1 follower (myself). I will be announcing the site once I have posted a few trades, so if you’re reading this, thanks for checking into old posts!
Please contribute… comment or ask questions on my trades and strategies and feel free to post your own ideas or trades.
#Welcome to Options Bistro!
-Jeff Payne
10/30/2013
Options Bistro 