I didn’t end up selling calls a few days back\u00a0as my deltas were just a bit too high for my liking. We’re quite balanced on the MICs so we’ll just leave them as is. Its been an easy year for MICs so far.<\/p>\n
I find myself looking at the market and technicals far less these days. I set my alerts and follow them relgiously and since then I haven’t really wasted nearly as much time. It’s as though I don’t even care about normal market movements.\u00a0I don’t do discretionary adjustments unless its for a few units and affects little. I don’t ever get in a situation of “hoping” the market moves in some direction.<\/p>\n
I always considered the MIC strategy as being somewhat of a glorified insurance salesmen. You’re literally selling risk while hedging it. Extracting premium out of the market. \u00a0I really enjoy time decay based strategies. I’ve been doing some calendars and one day when I have more time I’ll start backtesting 9 day iron condors. Over the break I spent about 15 hours backtesting the 4 day Iron condor that Sheridan had mentioned but I just couldn’t get it to work well enough to justify.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"