Vol Up / Indices Down

$SPY $IWM $QQQ $DIA

Vix up on the day, but the 20 reading isn’t above levels we saw earlier this month and in September. 15 minute charts above with AVWAP’s from Monday’s open are drawn. With the vol spike, I’m selling call spreads against Monday’s levels for the major indices. I had spreads maturing Friday that paid quickly, and am now extending those into new contracts expiring next Friday (11/1). If the market continues to sell-off, I’ll collect small income over the next week, and if we get a bounce, these “insurance” type "trades will expire worthless. These types of trades, along with risk management levels on individual positions allow me to remain undeterred when the market pulls back.