
ASML vol sell trading
I've tallied up my ASML (AEB) trades over 6 months period. Total P/L +3667 and my open positions (May spreads) are at P/L +2911 today (total P/L +6578). Maximum exposure at any time was 2 contracts 100 wide (20k), but mostly it was 1 contract spreads only.
The initial trades were long puts (far OTM) but end January started doing condors and flys, currently doing condors only. My approach is delta small-to-neutral, watch IV and sell OTM credit wings at least 10% from spot price. In addition I overlay an otm fly in order to balance delta. I avoid any short term gamma on events, expirations, as I'm mostly focused on theta farming.