options-strategies
research · Apr 6, 2026 · 16 min read

How to Trade Volatility: A VRP-Based Approach

How to Trade Volatility: A VRP-Based Approach A trader checks the VIX, sees it above 20, and buys VXX calls because "volatility is going up." Three weeks later, negative roll yield has eaten a third of the position and the VIX has barely moved. Another trader sells a

Read article →
research · Apr 6, 2026

How to Trade Volatility: A VRP-Based Approach

How to Trade Volatility: A VRP-Based Approach A trader checks the VIX, sees it above 20, and buys VXX calls because "volatility is going up." Three weeks later,

16 min read
research · Apr 6, 2026

Short Straddle Strategy: Maximum Premium, Maximum Responsibility

Short Straddle Strategy: Maximum Premium, Maximum Responsibility You looked at a short strangle on SPY collecting $9.64 in credit. Then you looked at the same expiration ATM short straddle:

15 min read
research · Apr 6, 2026

Short Strangle Strategy: When and How to Trade It

Short Strangle Strategy: When and How to Trade It You sold a short strangle because IV Rank was above 50. The setup looked clean: wide strikes, decent credit, manageable Greeks.

16 min read
research · Apr 6, 2026

Iron Condor vs Short Strangle: Which Is Better?

Iron Condor vs Short Strangle: Which Is Better? The wings you buy to "protect" yourself are the exact options with the highest implied volatility on the chain. That

15 min read