rough couple days. gave back some of last week’s gains.
quick update #
monday/tuesday market was choppy AF. stopped out twice.
monday 5/22:
- SPX put spread: -$315 (stopped)
- account: $340,450 → $340,135
tuesday 5/23:
- TLT call spread: -$280 (stopped)
- account: $340,135 → $339,855
may total: now at +$355 (was +$940 after last week)
what’s happening #
volatility spiked. VIX up 18% in 2 days.
my premium selling strategies don’t work in high vol environments. they work when vol is elevated but stable, not when it’s spiking randomly.
what i’m doing #
taking rest of week off from new positions.
letting existing positions (2 open) run to target or stop.
will reassess friday if vol settles down.
still learning #
4 months live trading. still figuring out when NOT to trade.
premium selling works great 70% of the time. the other 30% (high vol spikes, crashes, random market chaos) it gets wrecked.
need better vol regime detection.
may status #
started: $340,000 current: $339,855 net: +$355 (0.10%)
7 days left in may. would be happy staying positive even if small.
2:51am. taking a break. market is messy right now.
-AK