If your an options volatility trader this is how you felt in the month of October. I was unable to open any put credit spread trades in October. Bottomline......volatility was super low! I think the market is just sort of flat waiting for tax reform.
Good news is I have already opened 2 put credit spread trades in November. Hopefully we will return to normal here soon.
Keep in mind this is normal. Many volatility based options traders with a consistent strategy often have dry months.
Enjoyed this post? Here are some must reads.
