Hi so I'm looking for what kind of plays will you do for the next week. For transparency this are my possible plays:
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Iron condor on SPX with legs around 1-2% and expiration on next monday. I want to capture the IV crush after the meeting. I will manage by closing the challenged direction depending on the rate cut decision and the market reaction and letting the other direction run.
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SPY call/put depending on the decision and reaction, when IV has dropped. (a lottery ticket basically)
Maybe these aren't the best but I find them appropriate for my level of experience, not going to risk more than 2.5% of my portfolio.
TIA <3
(specially to papacharlie and scottishtrader which I have read almost every comment they made on this sub and learned so much)
Posted by Icarus7v
1 Comment
Strangle and ride