Potter

[Hitman26]

I just opened my first trade of the year today selling naked July IWM 65 Puts. Are you long or short SPY right now?


Are you buying calls or puts? Are you selling calls or puts? Are you credit or debit spreading?


I'm just interested to know how you are playing it since you do it for a living.

 

[mrpotter1]

I actually trade right across from the IWM pit.LOL I trade for a firm and and buy and sell every strike. I will trade every spread on the long or the short side. What I am looking for is any trade I can make with edge in it. Then I will hedge it against the stock or the SPX options. We also make alot of trades that are already tied to stock. I trade in 1000 lots. We will trade 4-ways, strangle swaps, straddles, and risk reversals.