Selling Premium
Posts specifically about selling options premium as a strategy — when to harvest theta, what conditions must be met before selling, and how to manage the risk of being short options.
Get these in your inbox every market day.
AllSkewVIXVol SurfaceGammaTime DecayTrade StructuresSelling PremiumHedgingPosition SizingPortfolio ConstructionCryptoGoldSingle StocksMarket StructureTrading ProcessGamma WallsGreeksFixed Strike VolRelative ValueVannaDealer Positioning
Expensive doesn’t mean mispriced
Gold used to trade 15–20 vol. Divide implied vol by 16 and you roughly get the expected daily move. So 16 vol implies about 1% a day.
GoldSelling Premium2 min read
If it's a delta trade, stop calling it theta
Most iron condors I see aren't theta trades.They're delta trades in disguise...
Trading ProcessSelling Premium2 min read
High IV doesn’t make the trade good
If your first thought is “IV rank is high, this is attractive,” you’re missing the point
Selling PremiumPosition Sizing2 min read
If your strategy has no veto, it isn’t a strategy
I don’t have a favorite trade. I have favorite conditions. And when those conditions aren’t present, I stop.
Trading ProcessSelling Premium2 min read
← PreviousPage 2 of 2