With the rise in $VIX (the “fear gauge”) over the past several trading days continuing to persist, we’ve been on the hunt for options premium selling opportunities. Higher volatility environments lend themselves to better opportunities for premium sellers who can manage their risks and size their positions conservatively.
As such, we’re going to sell some premium in the banking sector to take advantage of elevated premiums and what appears to be a high likelihood of continuing sideways action. [Read more…]