Today, the SPX had its best day since last March. It totally blew through my 2115/2125 call spread. I put on some small trades to defend it (I will detail them tomorrow in full), but the damage was severe enough to make the day only a breakeven! All this on my Birthday!!!
The market is still in a strange state - mainly because of the election, I suppose - the SKEW actually increased to 134 today, and although VIX fell more than 3 points, the term structure remains bearish.
I will wait to post-election to add any more trades, unless I need to defend the ones that expire this week.
