I run 45 DTE SPX BPS with my shorts around 0.15 - 0.20 deltas. I’ve read all about 50% POP to close but also I came across a suggestion to close positions no matter the p&l at 21 DTE left due to gamma risk, is this a good idea?
Lately in this market the past few months, my positions are in good spot but around 21 DTE my profits have been minimal bc I feel theta is just starting to ramp up, so I feel like holding longer would be a good idea & closing these early for Pennies seems not worth it.
What do you all do/ suggest?