This is starting to become a monthly trade.
I like to keep a few delta neutral trades active in the portfolio at all times (if I can). It’s a good diversifier and also benefits from sleepy or sideways markets that tend to not help any of my directional trades.
So I regularly scan my list of the most active optionable ETFs to pick out the ones with the highest implied volatility and charts that look like the potential for sideways action setting up (ideally). And once again, for the 3rd month in a row, The utilities sector is standing out for me.
The last two strangles worked out. This time, we’re gonna do a slightly different twist.