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Futures and Indices
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Reply by Codeth
posted
updated
DXY continuing strength may cause headwinds for emerging markets. VIX failed to hold the 20 level. Option sellers should look for a higher VIX to collect more premium.
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Reply by Codeth
posted
updated
11/26/2021
Indices sold off overnight after headlines of a new variant emerging and fears of new lockdowns. Lockdown related stocks (ZM, ROKU, NFLX) were up on this news. Market breadth not looking good. VIX was up over 50% (good for option sellers). Treasury yields and DXY both down. I took advantage of the heightened volatility and sold some cash secured puts on names I wouldn't mind owning. I will be looking for a follow through or a bounce next week to determine my next plan of action.
Reply by Codeth
posted
Futures bounced overnight. VIX down 15%. The puts I sold Friday are essentially worthless now. I rolled those puts to closer strikes to collect more premium. I think VIX has more downside.