Futures and Indices

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. 

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.

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.