9d • General discussion
Why Option Sellers Should Be Thankful This Thanksgiving
Since today is Thanksgiving and the market finally gave us a quiet day, I thought it'd be fun to step back from charts for a moment and look at the things we, as option sellers, actually rely on every single day. Here are the three big ones for me:
1) Volatility: the engine behind every premium we collect
Volatility is the reason option selling works. When markets move, hesitate, overreact, or get nervous, that uncertainty shows up as rich option premiums. Without volatility, selling premium would feel like picking pennies in front of a steamroller: tiny rewards, huge risks, zero edge. With volatility, we get high-probability structures that actually pay. Sometimes it's a macro shock, sometimes it's a random headline, sometimes it's just the natural breathing of the VIX. But whatever the source, volatility is what keeps this strategy alive.
2) Liquidity: the quiet hero that makes trading smooth
Anyone who has ever tried to trade illiquid options knows how painful it can be. Wide spreads, bad fills, slippage. And liquidity removes all of that. It lets us enter positions quickly, adjust and exit them cleanly. It's the reason SPX, SPY, QQQ, NVDA, TSLA, AAPL, or MSFT feel so professional to trade. There's always someone on the other side. Even the best strategies die in illiquid markets. In liquid markets, everything becomes easier, safer, and more mechanical.
3) The Gaussian distribution: the math that keeps us grounded
Markets aren't perfectly normal, but the bell curve still gives us a powerful framework. It helps us understand expected ranges, probability of touch, probability of expiring worthless, and the whole idea of selling the wings. We don't need to predict the future, we just need to understand the odds, and the Gaussian curve gives us those odds. It's the quiet backbone behind every high-probability trade we put on.
A quick Thanksgiving wish, and something personal from me
When I started posting here, it was honestly an experiment. I didn't know if anyone would care about the trades I run, the research we do in the hedge fund, the macro notes, the weird asymmetric structures, the rotations, the volatility models… any of it. I just wanted to share the things I wish someone had shown me years earlier. But something unexpected happened. It became a community.
I've met some of you on consulting calls, I've seen your portfolios, your struggles, your creativity, your discipline, your curiosity. Some of you share wins, some share tough weeks, some share your whole thought process, and it feels like sitting at a table with serious traders who genuinely want to grow.
And I'm incredibly grateful for that.
And the wild part? This is just the beginning. Next year I'll be sharing much more: deeper research, better tools, more assets, more behind-the-scenes insight from the fund, and a lot more of the work I usually keep private. I want this space to keep evolving into something truly elite, and also human.
Happy Thanksgiving to all of you!
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Why Option Sellers Should Be Thankful This Thanksgiving
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