SPY’s been ping-ponging for weeks. No breakout, no breakdown—just chop city. You know what thrives in that?
IRON. CONDORS.
Here’s my lazy trader strategy lately:
☑️ Sell OTM calls & puts
☑️ Collect premium
☑️ Do literally nothing
☑️ Let theta decay like fine cheese
Why it works right now:
No clear trend = condor heaven
IV is decent = juicy premiums
Range-bound indices = high win rate setups
And the best part?
You don’t need to predict direction. Just bet on “meh.”
Yes, it’s not flashy. But I’ll take small, consistent wins over getting slapped by CPI surprise candles. Risk is defined. Payout is smooth. What’s not to like?
Anyone else farming premium in this market?
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