Confirm and Send - November 1, 2024 - Sell At-The-Money Options During Earnings

The tastylive network

In a lively discussion, the hosts cover several market and trading insights. Key highlights include a solid uptick in markets, with E-mini S&P and Nasdaq seeing notable gains. Russell outperforms recently, while the Dow shows a strong rise. Volatility remains elevated above 20, and bond markets are ticking near highs. In options trading, a preference exists for selling at the money for earnings, maintaining a 15-20 delta for strangles, and adjusting positions based on market tests. The conversation underscores the importance of strategic and position diversification, particularly for smaller accounts, while cautioning against relying solely on historical market precedents amidst uncertainty.