We are going to move strikes once again as SPX trades around 2125 and the VIX is 17.09
We’re going to look for 8 delta call and 13 delta put to sell
2235 Call delta 8
1950 Put delta 13
| IncomeLab Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| BTO | SPX | 2 DEC 16 | 2245 | Call |
| STO | SPX | 2 DEC 16 | 2235 | Call |
| STO | SPX | 2 DEC 16 | 1950 | Put |
| BTO | SPX | 2 DEC 16 | 1940 | Put |
| Total Credit: | 1.7 | |||