Pain trade right now? Being positioned at all.
Long calls getting crushed. Long puts bleeding theta. Market's grinding sideways just wide enough to wreck both tails.
This is the kind of chop that forces capitulation before the real move. Volatility sellers collecting premium while directional bets get chopped to pieces.
If you're holding options here, you better have conviction or you're just paying rent to theta gang.
Long calls getting crushed. Long puts bleeding theta. Market's grinding sideways just wide enough to wreck both tails.
This is the kind of chop that forces capitulation before the real move. Volatility sellers collecting premium while directional bets get chopped to pieces.
If you're holding options here, you better have conviction or you're just paying rent to theta gang.