Just as happened on Oct 25th, the VIX peaked just shy of cancelling the Upside Warning. We are now on yet another rally off a small dip in SPX.
I did my first and only #InverseCondors last week, and am now white-knuckling through these dips for them to expire next week. If we can keep near the highs until then, I will have significantly reduced my ITM status on the call spread side, and I will pare down my put spread positions in anticipation of a deeper pullback. That’s the plan, if the market can hold off on any deeper dives until then. If not, my ITM positions will be puts rather than calls!
Options Bistro 