be careful if you are selling premium now because it is an exceedingly crowded trade and history shows that volatility moves in clusters (i.e. high vol begets more high vol). short vol on SPX has less structural edge every day that people pile into 0dte and pricing becomes tighter. the realised moves have actually outpaced the implied moves since mid June. outside of SPX there are still many rich pockets of premium in liquid options on individual RS/RW names which dont have the same size as SPX so intitutions dont play there
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