Trying to run 45 dte credit spreads on spx lately and the buying power reduction is just absurd for the pennies we are collecting in this low VIX environment.
My broker wants to lock up $1k in margin just to collect like $60 on a 10-wide spread. The math ain't mathing if you have a smaller account. the capital inefficiency of selling options right now is literally forcing retail into degenerate 0dte lotto tickets just to see any ROI
I kinda gave up on my main cash account and just grabbed a fundedfast eval yesterday mostly just to have raw buying power without holding my own liquidity hostage for weeks while theta does its thing
But seriously, how are you guys trading delta neutral right now? iron condors on qqq are paying absolutely nothing. Thinking of just pivoting to calendar spreads or long diagonals until iv actually pops again. What tickers are you actually getting decent premium on this week without risking blown up tail risk?