01-27-2021, 11:33 AM
(01-27-2021, 10:30 AM)Otter Wrote: ABNB is now about 15% above where it was when I sold my last round of puts. Was thinking of buying them back and re-selling, but due to implied volatility, the puts are now worth more than I sold them for. Madness.That's a harsh reality of selling options when the VIX is low. Should I just sell the new ones and hope I get a chance to close out the others later? Sometimes I do that. It's a great way to get an overweight position if that IV was high for a reason.
Good luck Otter. I still can't trade and I missed a few opportunities this morning. Waterhouse is usually reliable unless volume is obscene. They cost me some money this morning.