Anyone who has been reading this post knows that I have been very wary of trading calendars. The inter-month spread from January to February has been really wide.
Option Traders, I guess I was wrong about the VIX at 17 by December. While, I was certainly right that:
A. The VIX fell down to the 20
B. The market has been very range bound
We closed the XLV spread, selling it for $1.75, the same price it closed yesterday. I have to say, I am pleased with the returns.
This trade worked! We'll take it off tomorrow.
As a mentor, one of the more common questions I get is when to unwind a profitable condor trade.
The market continues to do little to nothing into the holiday season. There was little reaction to any of the news and information that came out this morning.
Traders, today I attempted to sell a split strike butterfly (using TradeMonster's paper trading). I personally think that today was an excellent opportunity to sell premium.