Volatility update

For those of you playing along at home, I just figured I would update you on last weeks trades:

The weekend Theta came out of the market this AM as the weekend proved to be uneventful for a change. 

Despite the ES futures being down big overnight, we opened to the upside today and as of right now at 10AM EST we are selling off a little.  VIX is still down a lot off it’s Friday Highs.

I decided to take my nice profit from my NDX ‘ratio diagonal’.  I also took off part of my OEX ‘ratio diagonal’.  I figure I’ll put them on again at a lower strike if / when I think we’re looking at the next leg down and VIX spike… Tough decision to make however.

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