Last night IV was pretty high, due to FED's meeting and announcement of rate cut. Manage to sell some 0DTE put contracts on Both SPY and QQQ with far out strike and still collect the usual premium. Even when SPY had a sudden dip after the meeting, the lowest level was still far from my strike. Anyway, the option soon became quite worthless once the market rebounded higher back Up along with the IV crush.
| Side | Price | Realized P&L |
|---|---|---|
| Buy Close | 0.00 | +100.00% Closed |
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- IreneWells·09-18Nice maneuver with those puts! [Wow]LikeReport