Today’s delta was very red in the morning but a push happened for some reason. Probably due to trump making an appearance on tv. As price started to get weaker. I sold Calls 5 points above the 6620 positive MVC. I opened 2 call credit positions at 6625/6635 for $0.55. Will be looking to close these at $0.05 or $0.10 depending on where price is. If these close at $0.05 then ill look to sell the bottom. If price goes above VWAP(blue dotted) I’ll look to close for only 50%
Update: I was able to close all my positions for $0.05 at 9:30 AM PST. Will look for another play if it drops further towards the SD3 area.