By Lawrence G. McMillan
When is it a good time to write naked options? When volatility is high and the market is “dangerous” or when volatility is low and the market is in a bullish mode? Or perhaps never, because one can always construct butterflies or condors to limit risk on all sides? In today’s article, we’ll take a look at these questions and more, because with $VIX remaining above 30 for over four months now, these questions are certainly pertinent...
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