u/crazybitcoinlunatic

I sell 0dte option spreads. But lately since the war, whenever oil spikes up or down, the options go 200-300% in that minute.

How can I protect myself from not hitting my stop. I need a stop because it can go -1000% with one tweet.

I do about 5-10 wide on SPY, should I just go 1-2 wide instead?

What about selling 0dte and buying 1DTE for protection against these IV spikes.

So there is no point in selling options right now because IV is much much less than RV.

Why is the IV so low now when market makers know they are getting ripped off selling options this cheap.

Also anyone know of a free SPY Volatility risk premium so I can track this instead of calculating it manually. I don’t want to pay for unusual whales