Likewise. I normally sell a condor on Tuesday or Wednesday, to expire the following Wednesday.sweetandsour wrote: ↑06 May 2022, 08:21Looks like things stayed about the same, but I don't like to buy on Fridays anyway.Del wrote: ↑06 May 2022, 06:23 It's Friday, May 6, 8:20 AM Central Time.
Hold on to your butts:
A whole bunch of US govt employment data is going to reveal just as the market opens at 8:30.
change in average wages paid
change in number of people working
change in total unemployment rate
This is a great website for keeping track of economic news and data releases.
I trade the Russell 2000 index. It's less volatile than the S&P 500.
I put a position on Tuesday this week, because I expected a lot of noise related to the Fed meeting on Wednesday. I expected the index would settle down about the same level.
There was a lot of fear on Tuesday, which means option premiums were high. So I could set the margins wide on my condors, and still make some decent money.
I was pretty happy when Thursday's close was about level with Tuesday!
If China doesn't invade Taiwan this weekend, I should do very well. We shall see.